Construction and Steel sector: Construction earnings declined; steel remained resilient
Posted: Oct 6, 2026
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Construction: Companies reported lower profits, driven by weaker gross margins amid higher material costs and the absence of divestment income .
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Steel: Positive earnings growth was driven by higher revenue and gross margins, supported by the domestic market .
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Leading steelmakers with strong domestic market positions are well positioned for earnings growth, supported by their competitive advantages. In the construction sector, earnings are likely to decline, reflecting the absence of non-recurring gains and weaker gross margins.
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