22
Feb
12:59
Kinsteel extends losses as Perwaja hopes fade
Malaysia’s Kinsteel has continued to record losses despite the stronger steel market. Its hopes to revive the steelmakers Perwaja with a Chinese partner have fallen through and the company must now find another way to restructure, Kallanish notes.
Kinsteel saw another MYR 8.26 million ($1.85m) net loss in the December quarter as improving steel prices helped reduce losses from MYR 16.82m a year previously. Despite the higher prices however, revenue fell -0…
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Anonymous
Very good overview of the weekly steel market.
Anonymous