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A.M. Castle sees up to 15% rise in ‘12 sales as net jumps

November 02, 2011 - 15:03 GMT Location: Chicago

KEYWORDS: A.M. Castle & Co. , Michaal Goldberg , aerospace market , oil and gas sector , aluminum heat-treat plate , aluminum sheet , aluminum extrusions , titanium , nickel

A.M. Castle & Co. is bullish on the aerospace, oil and gas, and general industrial sectors, forecasting revenue growth of 10 to 15 percent next year.

However, "we remain cautious as sovereign debt issues cast clouds" across the European economy, he added.

The metals processor and distributor’s sales momentum in August and September continued into October, and its shipping volumes have compared favorably with those reported by the Metals Service Center Institute (MSCI), the Oak Brook, Ill.-based company said.

"Our tonnage was up 19.1 percent," Goldberg said....

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