26
Apr
11:14
Anyang Steel first-quarter earnings slump after 2021 surge
China-listed Anyang Iron & Steel suffered in the first quarter because of lower sales and a doubling of prepaid raw material loans. This was after its earnings surged in 2021, Kallanish learns from the company’s exchange filing.
In Q1, Anyang Steel’s total steel product output fell 25.65% year-on-year to 1.6 million tonnes. Sales meanwhile plummeted 32.38% to 1.46mt, despite the average realised price reaching CNY 4,547.51/tonne ($695/t),…
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Anonymous
Very good overview of the weekly steel market.
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