Union Steel Holdings Limited provided earnings guidance for the third quarter and nine months ended 31 March 2015. For the quarter, the company expects to report a net loss for third quarter of fiscal year 2015. The expected net loss for third quarter of fiscal year 2015 is mainly attributable to the slowdown in market demand for steel products and related services.

For the nine months, the group expects to remain profitable for nine months of 2015. The group is still in the process of finalising its unaudited financial results for nine months 2015.