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Show Geneva doing well PROVO Despite this year's national steel market slump, Geneva Steel enjoyed its second-best year since reopening in 1987, with 1 990 sales totaling $5 17 million, a company official said. CEO Joe Cannon said sales were $5 million less than in 1989, the company's best year since reopening. . "We performed well during a year when the industry experienced a softemng of demand resulting in lower prices, Cannon said in his annual report-letter to company shareholders. Geneva's total sales this year were based on shipments ot i.jy metric tons. Net income was $41.6 million or $3.18 per common share. |