Union Steel Holdings Limited provided unaudited group earnings guidance for the third quarter and nine months of 2019. The Board of Directors announced that after preliminary assessment of the Group's unaudited third quarter and nine months of 2019, the Directors deem it appropriate to issue a profit guidance that the Group is expected to report a net loss for third quarter and nine months of 2019. The expected net loss is mainly attributable to the volatile pricing movements and the soft demand in the market for its scrap metal and steel products and the cost arising from restructuring of land transport business.