05
Sep
03:02
Leader Steel profit falls on raw mats costs
Malaysian steel products manufacturer and trader Leader Steel registered lower profit in the second quarter ended 30 June 2022, due to higher raw materials input costs, Kallanish notes.
The group's net profit for the quarter plunged 61.68% to MYR 2.5 million ($560,000) from MYR 6.52m a year ago,
Its revenue for the quarter also fell 17.6% to MYR 44.65m from MYR 54.19m mainly due to lower sales generated in the minerals segment.
Its stee…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous