06
Mar
03:39
Mycron Steel returns to black in second quarter
Malaysian steel cold roller and pipe maker Mycron Steel has returned to the black in its financial second quarter ended 31 December 2023, due to improved steel prices, Kallanish notes.
Mycron Steel says in a bourse filing that earned a net profit of MYR 132,000 ($27,886) in the second quarter, as compared to a net loss MYR 13.53 million a year earlier.
For the period, steel prices have generally been range-bound, which helped calm the market, according to the fir…
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Anonymous
Very good overview of the weekly steel market.
Anonymous