16
Aug
09:20
Ann Joo books profit on higher prices
Malaysia’s Ann Joo Resources saw profits jump in the April-June quarter from the previous quarter and from a loss a year earlier. Its new hybrid production process helped cut costs but higher prices were the key to its recovery, Kallanish notes.
Ann Joo, like other Southeast Asian steelmakers, lives in the shadow of China’s export trade. “The group’s profitability is still largely dependent on the effectiveness of the Chinese government i…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous