Influence of SARS observed on YUSCO financial results

Wednesday, 11 June 2003 14:07:22 (GMT+3)   |  

Influence of SARS observed on YUSCO financial results

Taiwanese stainless steel producer Yieh United Steel Corp. (YUSCO) reported a pre-tax profit of $7.2 million in May, which was 40% lower than its previous forecast of $11.5 million. Since most customers of YUSCO come from the main land China, the threat of getting infected by the SARS has influenced the customers in China hesitating in lading their goods. However, as Nickel is keeping soaring around $9'500, YUSCO expects that steel market would be brisk in July, if nickel prices would keep the levels of above $ 8'200.

Similar articles

ArcelorMittal to cut global output by 50 percent in Q2 2009

29 Apr | Steel News

US wire market continues to ride out rough economic storm

23 Apr | Longs and Billet

Chinese steel companies forecast great drop in 2008 net profits

03 Feb | Steel News

Taigang Stainless posts over 73% net profit growth for 2007

10 Apr | Steel News

CISA reviews performance of China’s steel sector in 2007

05 Feb | Steel News

Made in Steel: Answer to rising stainless prices lies in ferritic steels

26 Mar | Steel Matters

Why are stainless steel and nickel prices rising?

01 Mar | Flats and Slab

BHP announces record profits for FY 2005

25 Aug | Steel News

China's stainless steel import price drops

27 May | Steel Matters

China's stainless sector decides on cutting CR

27 Apr | Steel News

Marketplace Offers

Hot Drawn Stainless Plate
Thickness:  0.4 - 10 mm
Width:  1,000 - 2,000 mm
Length:  2,000 - 6,000 mm
ERGEN ZIRAAT MAK. SAN. TIC. LTD.STI.
Cold Drawn Stainless Plate
Thickness:  0.4 - 10 mm
Width:  1,000 - 2,000 mm
Length:  2,000 - 6,000 mm
ERGEN ZIRAAT MAK. SAN. TIC. LTD.STI.
Hot Drawn Stainless Plate
Thickness:  2 - 6 mm
Width:  1,000 - 1,500 mm
Length:  2,000 - 6,000 mm
MAIAK-M