14
Mar
08:55
Choo Bee expects strong first half steel prices
Strong steel prices in the first half should support its bottom line, but prices may have already peaked, Malaysia’s Choo Bee Metal Industries said in its 2016 results filing. The welded pipe manufacturer and distributor saw profits increase in 2016 despite a fall in revenue, Kallanish notes.
There is little room for further price increase in China, and prices should decline slightly by the end of Q2 2017, Choo Bee says. The current price level has resulte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous