13
Apr
13:44
Posco expects profit rebound
South Korean steel producer Posco says it expects to report strong first-quarter earnings, after recovering from the impact of Covid-19.
The steelmaker’s operating profit from January to March this year is expected to have been KRW 1.55 trillion ($1.38 billion), an increase of 79.76% over the previous quarter and a year-on-year increase of 120.06%. This would be the highest quarterly operating profit since the steelmaker reported KRW 1.7 trillion of profit&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous