20
Jul
01:00
China Steel sees profit slide
Taiwan’s China Steel Corporation (CSC) has reported a -16.37% drop in revenue to TND 154.37 billion ($4.95 billion) and a -13.13% drop in net profit before income tax to TND 10.61 billion in the first half of 2015. The fall in revenues is unsurprising, but the company is targeting increasing self-sufficiency to maintain margins, Kallanish notes.
Falling steel prices have hurt steelmakers’ revenues globally and the fall for China Steel i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous