	ivaco sees minimal first quarter ings ivaco inc said price pressure on steel products particularly in the u s and the recent increase in the value of the canadian dollar is expected to result in minimal first quarter ings it said subsequent quarters should show substantial improvement from first quarter levels but ings will not reach levels as long as those conditions continue ivaco earlier reported profit rose to mln dlrs after a one mln dlr extraordinary gain from mln dlrs the previous year it said demand for the company s products are continuing at high levels and sales are expected to show further growth revenues last year rose to billion dlrs from billion dlrs in reuter 
