28
Aug
01:00
Shangang ekes out profit in first half
China’s Shandong Iron and Steel (Shangang) managed to return to profit in the first half of 2015, if only barely. The news will be welcome to investors hoping the company’s plans to restructure and reverse recent losses, Kallanish notes.
The company reported a net profit of CNY 7.45 million ($1.16m) over January-June this year, compared to a CNY 797m loss a year earlier and a CNY 1.4 billion loss over the whole of 2014. The listed company produce…
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Anonymous
Very good overview of the weekly steel market.
Anonymous