Higher steel prices propel Southern Steel Q1 turnaround 


KUALA LUMPUR: Higher steel prices propelled Southern Steel Bhd's earnings in the July-September quarter, but while demand was projected to gradually improve coming months, raw material and product prices are expected to be volatile.

The company posted a net profit of RM31.1mil in the first quarter compared to net loss of RM28mil made a year ago.

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Southern Steel

   

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