17
Aug
09:18
Taiwan’s Yusco, Tang Eng turn unprofitable
Taiwan’s Yieh United Steel Corporation (Yusco) and Tang Eng Iron Works have seen their net profit turn negative again in the first half of the calendar year, Kallanish learns.
For Yusco, its half-year turnover slumped 22% on-year to TWD 24.38 billion ($762 million). It recorded a net loss of TWD 1.23 billion attributable to shareholders, compared with a gain of TWD 1.18 billion a year earlier.
Meanwhile, Tang Eng saw total revenue at TWD 6.04 billion in H1,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous