02
Dec
06:02
Daido Steel sees profit increase in first half
Although sales lowered, Daido Steel’s net profit increased in the first half of its financial year, (April-September), Kallanish notes from the Japanese steelmaker’s latest operating report.
The slowing pace of the Chinese economy and the China-US trade war have hit both automotive steel orders and orders from other manufacturing sectors. Weaker domestic steel demand however has also supressed ferrous scrap prices, which has suppo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous