Essar Steel Algoma Posts $21 Mn Net Income in December Quarter

Essar Steel Algoma today posted a net income of $21.3 million for October-December quarter buoyed by higher sales and realisation.       The Ontario-based company, a unit of the Ruias-controlled Essar Steel, had reported a net loss of $30.65 million in the same quarter last year.       "The gain is attributable to higher shipments coupled with higher selling prices and lower costs," Essar Steel Algoma said in a statement.     ...