07
Apr
11:51
MCS Steel profits surge on cheap inputs
Thai-headquartered steel fabricator MCS Steel says its profits could increase again in 2016 after surging in 2015. The company expects to boost earnings in Japan and expand new markets in the USA this year, Kallanish notes.
MCS saw net profits jump 654% in 2015 to THB 618.22 million ($17m), with total sales reaching 48,000 tonnes. In 2016, it expects to sell around 50,000t from its Thai facility, 10,000t from its plant in Xiamen in southern China and 7,000-8,000…
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Anonymous
Very good overview of the weekly steel market.
Anonymous