26
Aug
10:48
Ann Joo second quarter profits slump
Malaysian steelmaker Ann Joo Resources saw profits improve year-on-year over the first half of 2017 but slump in the second quarter. It blamed weak domestic construction steel demand, which impacted both its trading volumes over H1 and prices in Q2, Kallanish notes.
Ann Joo expects its results to improve in the second half of the year thanks to surging international steel prices. It points to two factors that could help push up prices further. The…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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