Ready for shipping: A file picture showing steel coils produced at a steel mill in Indiana being prepared for shipping. Local steel stocks have fallen 18.3 after the US announced proposed tariffs on steel and aluminium imports. — AFP
UOB Kay Hian says steel firms may report another set of strong Q1 earnings in May
PETALING JAYA: Share price weakness of steel stocks, partly due to an overreaction to the US import tariff on Chinese products, should see a re-rating during a possibly strong first-quarter 2018 results season in May, said UOB Kay Hian.
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