24
May
08:09
Kinsteel loses again in March quarter
Ailing Malaysian long steel re-roller Kinsteel has recorded another quarter of losses over January-March. The company, which also owns an idle EAF, has struggled to kick-start investments in other idled steel firms and is attempting to restructure its debts, Kallanish notes.
“The group requires operating profitably to generate sufficient cash in the future to fulfil their obligations, as and when they fall due,” the company is quoted as saying i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous