18
Nov
10:51
Slowing market limits Ann Joo’s profits
Malaysia’s Ann Joo Resources recorded another net profit in the third quarter, reversing a net loss a year earlier. Delays in infrastructure and construction projects and a slowing domestic market led to lower revenue than in the previous quarter, but the outlook for 2017 remains strong, Kallanish notes.
Domestic construction steel demand is expected to be boosted by a pick-up in activity in large infrastructure and residential developments, Ann Joo says. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous