26
Jan
12:14
Inventories sink Vietnam steel firm profits
Vietnamese steel trading companies suffered losses on higher inventories at the end of last year due to falling steel prices. They had earlier boosted profits by hoarding large inventories at the beginning of last year when prices skyrocketed, Kallanish notes.
SMC Trading Investment JSC (SMC) said that in the final quarter of 2021, the company's net income rose 37.3% year-on-year to VND 6.1 trillion ($269.6 million), but profit after tax fell by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous