27
Oct
12:39
Chinese recovery supports Posco’s overseas subsidiaries
Posco’s overseas steel subsidiaries saw their performance recover in the third quarter. Combined, they went from an operating loss of around $42 million in Q2 to an operating profit of $16m in Q3, helped by a strong recovery at Posco’s Chinese operation, Kallanish notes.
Zhangjiagang STS, a stainless steel cold roller in eastern China, saw revenue during the quarter of $680 million, -1.73% down year-on-year but up 5.1% from Q2. Sales volumes actually d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous