28
Feb
04:54
Choo Bee narrows Q4 loss
Malaysian steel products manufacturer Choo Bee Metal Industries has reported lower losses in the fourth quarter of 2023 due to improved processing margins, Kallanish notes.
The company says in a bourse filing that it recorded a narrower net loss of MYR 1.27 million ($270,000) in Q4, as compared to a net loss of MYR 7.45m a year ago. This was mainly due to improved profit margins on the back of lower average raw material prices cushioning softer average selling pri…
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Anonymous
Very good overview of the weekly steel market.
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