05
Mar
02:33
Melewar’s losses narrow on improved steel prices
Malaysian steelmaker Melewar Industrial Group has seen its net losses narrow in its financial second quarter ended December 31, 2023 as steel prices improve, Kallanish notes.
Melewar says in a bourse filing that it posted a narrower net loss of MYR 4.01 million ($848,000) in the second quarter, as compared to MYR 11.87m a year earlier.
The firm’s revenue for the quarter also rose 29.74% to MYR 177.79m from MYR 137.04m.
According to the firm, during the cur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous