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That's a commendable performance given the fact that steel prices had dropped to the lowest amidst increase in the operating costs arising from the increase in electricity tariff, implementation of higher minimum wages and rising interest rate in q4... other steel companies are bleeding worse in qoq terms
China’s reopening and normalisation of the supply chain after two to three years of not doing much is going to kickstart its economy strongly and drive demand for commodity steels
Most important is prospect of Rohas as they will be benefit from lower steel price and profit from renewable energy. Rohas started their engine. Luckily switch to Rohas.
