10
Jul
10:54
VSC subsidiaries see profits squeezed
Several subsidiaries of the Vietnam Steel Corporation (VSC) have seen their profits slide, in particular those with production or rolling capacity. Vietnamese gdp growth has been downgraded this year and high import prices have squeezed re-rollers, but the country’s steel sector is still enjoying rapid growth, Kallanish notes.
Key production facilities saw lower profits, with Southern Steel reporting a -55.4% slump in profits to VND 85.5 billion …
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Anonymous
Very good overview of the weekly steel market.
Anonymous