01
Jun
14:56
Malaysian steelmakers profit as Perwaja is delisted
Malaysian steel firms have announced increased profits in the first quarter on improved prices. Perwaja Holdings however has been delisted and is unlikely to return to the market, Kallanish notes.
Malaysia Steel Works announced it saw net profit increase to MYR 14.08 million ($3.29m) in Q1, up from MYR 5.08m a year earlier. The company is enjoying higher prices and margins for billet and rebar, it says. Revenues were up 10% to MYR 348.72m.
The company is work…
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Anonymous
Very good overview of the weekly steel market.
Anonymous