22
Nov
03:39
Japan’s UEX sees second-quarter net profit improve
The performance of Japanese stainless steel plate and cold rolled coil firm UEX improved on-quarter in the second fiscal quarter through September but was still down on-year. Its stainless steel rolling segment is profitable, however, Kallanish notes.
Sales in Q2 saw a significant jump of 125.62% quarter-on-quarter to JPY 26.39 billion ($243 million). Due to higher costs, however, operating profit fell by -30.37% year-on-year to JPY 548m. Tha…
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Anonymous
Very good overview of the weekly steel market.
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