27
Apr
09:45
Posco overseas arms see profits narrow
South Korea’s Posco saw its overall profits from overseas steel subsidiaries slump year-on-year in the first quarter of 2018. It did however continue to see improvement at its lossmaking units in Indonesia and Vietnam, Kallanish notes.
Net profits from the four subsidiaries in China, Indonesia, India and Vietnam for which figures were reported, totalled around KRW 4 billion ($3.7 million), down from KRW 44 billion a year earlier and flat from Q4 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous