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Dofasco is a leading North American flat rolled steel producer with 1996 sales of nearly three billion dollars. Flat rolled product lines include hot rolled, cold rolled, galvanize and tinplate steels. Dofasco's major markets include automotive, construction, package goods, appliance and tubular market sectors.
Dofasco reported third quarter consolidated net income attributable to common shares of $43.6 million or 51 cents per share. This compared with third quarter 1996 results of $50.1 million net income or 58 cents per common share. Consolidated sales for the quarter of $743.6 million were slightly ahead of last year's results for the same period, of $732.4 million. Shipments of flat rolled steel were comparable at 1,010,000 tons vs. 990,000 tons from a year earlier.
Dofasco's third quarter earnings were below earnings from second quarter of $61.2 million or 71 cents per common share. However, second quarter results included special items which contributed 12 cents to the earnings per share number.
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