14
May
08:45
Dongkuk sinks into first-quarter loss
South Korea’s Dongkuk Steel Mill sank into losses again over January-March. Delayed construction demand hit revenues while raw materials costs ate into margins, Kallanish notes.
The company saw revenues slip -7.4% year-on-year to KRW 1.4 trillion ($1.3 billion) in the March quarter, while operating profits slumped -64% to KRW 20.57 billion. A drop in financial income helped push the comp[any into a net loss of KRW 38.9 billion from a profit of KRW 42 billi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous