We appreciate his contributions to Trico and wish him the best. Veitch began his career at what eventually became LTV in 1963 as a metallurgical trainee. He was named vice president of those units in 1991. Operating losses totaled 4 cents per share. Trico's capacity is 2.2 million annual tons.
Production is very limited.
Trico has been operating at or slightly above only 50 percent of capacity this year, says Dick Snyder, vice president of commercial at Trico. We are certainly capable of going beyond 50-percent capacity, but right now it's just a function of how much foreign steel keeps pouring into this country. More than 90 percent of Trico's production is prime material, which means the steel meets customer specifications, Snyder says. Customers such as Worthington have been pleased with the quality of steel, independent steel analyst Charles Bradford says. Trico's problems have included caster breakouts and burning through the EAF roof.