CSC Steel 3Q earnings fall 21.7% amid MCO-led production disruptions
(theedgemarkets.com / November 19, 2021 22:06 pm +08)
"Despite the increase in steel prices, actual trade was weaker than in the second quarter. Steel demand and price trends in the fourth quarter are forecast to be less than expected, as the current industry boom is hindered by pandemic issues, power cuts in China, aggressive sales of hot-rolled steel from India and Russia, and a slowdown in the domestic construction industry," it noted.
malaysia steel price barely drop even china drop, because china don come in and flood and export steel anymore, so those who thinks they will make lesser profit lol, u are dead wrong
KLSE is a bear market, investors are only interested on the bad news and forget about the good news. Sad for KLSE. Steel rebar is still selling at RM 3,100 to 3,250 in Malaysia. Investors are following China steel rebar future price to determine steel stocks in KLSE.
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Posted by WiseEar > 2021-10-28 00:27 |
Post removed.Why?