25
Feb
02:26
Malaysia Steel Works posts loss in 2019
Malaysia Steel Works (KL) Bhd (Masteel) has posted another net loss for full-year 2019. Its performance was impacted by lower sales prices and higher financial charges from its increased borrowings during the year, Kallanish notes.
Masteel's revenue declined -20.15% year-on-year in 2019 to MYR 1.19 billion ($282 million). The main reasons for this were reduced sales volume and sales prices. This resulted in a net loss of MYR 8.3m compared t…
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Anonymous
Very good overview of the weekly steel market.
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