23
Feb
03:40
Cost strategies boost CSC Steel profit in 2023
CSC Steel, the Malaysian subsidiary of Taiwan's China Steel Corporation, saw net earnings jump more than three-fold in 2023, underpinned by cost optimisation strategies, Kallanish notes.
The group says in a bourse filing that its net profit surged to MYR 49.48 million ($10.36m) in 2023 from MYR 14.61m a year ago. The improvement stemmed from effective cost optimisation strategies, including leveraging economies of scale, leading to improved profit margin…
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Anonymous
Very good overview of the weekly steel market.
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