CSC Steel expects prices to remain firm

Image Source: The Star

The Star reported that CSC Steel Holdings Bhd net profit jumped in the last quarter ended Dec 31 on the back of a significant increase in steel prices. The company expects steel prices to remain firm, at least until the first half of the year, thanks to China's clampdown on polluting industries.

The company in a filing with Bursa Malaysia said that “However, the outlook for the second half of 2018 becomes less predictable and very much dependent on the actions to be taken by US president Donald Trump administration on the outcomes of section 232 investigation.”

Source : The Star