12
Aug
01:00
Nangang back to profit, with a little help
Eastern China’s Nanjing Iron and Steel (Nangang) saw net profit hit Yuan 117 million ($19m) in the first half of this year, up from a loss of Yuan 64.46m in the first half of 2013. However, the company was helped by a significant boost from government grants and from the disposal of assets, Kallanish notes.
Nangang narrowly avoided delisting from the Shanghai Stock Exchange after recording several years of losses. In 2013 it put its net loss at Yuan 61…
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Anonymous
Very good overview of the weekly steel market.
Anonymous