15
Jan
10:40
Krakatau Posco turns first ever profit
Indonesia’s Krakatau Posco will post an operating profit of $12 million in 2017, its first full-year profit since commissioning, the company says. The joint venture between Posco and Krakatau Steel has been unable to achieve profit since a troubled start-up in 2013, and is expected still to report a net loss, Kallanish notes.
The 3 million tonne/year slab and plate producer saw its cumulative sales since commissioning top 10 million tonnes this m…
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Anonymous
Very good overview of the weekly steel market.
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