21
Jun
15:28
Angang first-half profit surges 860%
The steel industry recovery in the first half of the year has made a huge contribution to Chinese steel companies’ profits. Anshan Iron & Steel in northern China reported its H1 net profit could increase by about 860% year-on-year to CNY 4.8 billion ($742 million), according to its performance forecast for the period.
This implies that the company's net profit in the second quarter would be CNY 3.3 billion, exceeding its annual profit …
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Anonymous
Very good overview of the weekly steel market.
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