Exceptional Q3 earnings seen for steel firms

Government investigators and independent auditors are trying to get to grips with yet another wealth management product (WMP) gone awry in China, one that the government itself had promoted.. (A Reuters file picture shows workers direct a crane lifting newly-made steel bars at a factory of Dongbei Special Steel Group Co., Ltd., in Dalian, Liaoning province, China.)

PETALING JAYA: UOB Kay Hian Research is expecting an exceptionally strong earnings season for steel companies in the third quarter (Q3) of this year.

This is due to the continued surge in steel prices in the month to date for August.