06
Feb
10:51
Feng Hsin posts upbeat guidance for 2017
Taiwan’s Feng Hsin Steel has presented upbeat guidance for 2017 ahead of its annual operating results. The company is also optimistic about prospects for 2018.
The long steelmaker estimates that it will report TWD 3.227 billion ($109.94 million) in operating income and TWD 24.74 billion in consolidated revenue for 2017, up by 46.91% and 18.2% year-on-year respectively. The faster growth in operating income than in consolidated revenue implies a rapidly inc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous