23
Feb
09:29
China Steel extends losses into 2016
Taiwan’s China Steel Corporation (CSC) has continued to record losses in January after its results worsened sharply in the last quarter of 2015. The losses come despite its dominance of the domestic market as steel prices have fallen, Kallanish notes.
January’s consolidated income before tax came to a negative TWD 318 million ($9.57m), while revenues were TWD 22.24 billion. The company’s pre-tax profits slumped to TWD 9.51 billion in 2015, afte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous