27
Nov
01:05
CSC Steel profits in Q3
CSC Steel, the Malaysian subsidiary of Taiwan's China Steel Corporation, has returned to the black in the third quarter by posting a net profit of MYR 8.35 million ($1.78m), Kallanish notes. The firm recorded a net loss of MYR 14.18m a year ago.
The group says in a bourse filing that the profit was underpinned by its revenue, which grew 11.27% to MYR 404.21m from MYR 363.26m. This was mainly due to increased demand for steel as the market recovers. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous