PT Lionmesh Prima Tbk has set its net profit margin target and gross profit to turn positive this year to 9.29% and 9.21%, respectively, from minus 8.07% and 8.81% last year.

Based on company publication materials released Tuesday (25/5), net sales may reach Rp230.71 billion and a net profit of Rp9.29 billion this year. Lionmesh also planned a transport volume of 16,750 tons.

The improvements in national economic indicators in the first quarter of this year, such as trade performance, manufacturing index, lending, and automotive sales, are expected to support the target.

From a global perspective, the economic recovery of China and the United States has resulted in an increase in steel prices in the worldwide market since September 2020. As of February, steel prices in China have also strengthened drastically.

Steel prices will remain strong in the coming months as domestic demand from China strengthens, and many iron ore producers raise their