25
Jul
10:23
Posco’s overseas profits slip but Krakatau turns positive
Three of Posco’s four main steel subsidiaries outside of South Korea saw their results weaken quarter-on-quarter in April-June, although only one made a net loss. Indonesia’s Krakatau Posco, however, turned its first ever net profit, Kallanish notes.
The 3 million tonne/year slab and plate producer Krakatau had made operating profit since late 2017 but had yet to turn a net profit until Q2. It was first commissioned in 2013. In Q2 it saw re…
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Anonymous
Very good overview of the weekly steel market.
Anonymous