PUBLISHED : 22 Aug 2023 at 06: 35 Rolled coil steel at G Steel. G Steel and GJ Steel produce 3 million tonnes of hot rolled coil, likewise understood as HRC, a year. G Steel Plc (GSTEEL) and its subsidiary GJ Steel Plc (GJS) have both reported constant monetary losses because Nippon Steel — Japan’s No.1 steel manufacturer and the 4th greatest manufacturer worldwide — took over their management after obtaining a bulk of shares in the business 18 months back. The book worth of G Steel fell by 59% to 0.09 per share and the business tape-recorded a internet loss of more than 2.5 billion baht, while the book worth of GJ Steel fell by 23.8% to 0.48 per share and the business tape-recorded a internet loss of more than 3.6 billion baht. These results dissatisfied numerous investors of the 2 companies, especially G Steel investors as they are likewise worried that there are no indications of a resumption of tra
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