04
May
13:49
Krakatau Steel remains loss-making in first quarter
Indonesia’s state-owned Krakatau Steel saw its results improve in the first quarter, but still not enough for it to turn a profit. The company only returned to an operating profit in 2016 but it hopes that higher output in 2017 will help it to break even, Kallanish notes.
Krakatau reported a net loss of $20.7 million over the quarter, an improvement from $59.8m in Q1 2016. Operating income was up 12.5% to $350.14m, while gross profit was up 42.35% to $60.5…
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Anonymous
Very good overview of the weekly steel market.
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