16
Jun
11:00
Well-timed purchasing by Spindo may double profits
Steel Pipe Industry of Indonesia (Spindo) could see its profits double in 2016 after it booked some timely cargos of hot rolled coil at low prices, according to investment consultants Investa Saran Mandiri (ISM). The boost could be aided by a modest recovery in demand growth, Kallanish notes.
ISM expects Spindo to see net income double from 2015 to IDR 316 billion ($23.6m) in 2016, before settling to IDR 254 billion in 2017. It adds that the pipe maker bought in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous