24
Jul
13:59
Indonesian JV remains most-troubled of Posco’s overseas plants
Posco’s overseas steel operations saw margins shrink in Q2 2017 from Q1, while its Indonesian joint venture remains lossmaking, according to Posco’s results presentation. The company hopes that both the Indonesian arm and its new Brazilian joint venture will soon be able to break even however, Kallanish notes.
Of the two profitable overseas steel arms, the Maharashtra flats rolling plant had the best profits despite a decline from Q1. It earned a net…
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Anonymous
Very good overview of the weekly steel market.
Anonymous