30
Aug
06:35
Baowu Shaogang estimates strong profits in third quarter
Southern China’s Guangdong Shaoguan Iron & Steel (Shaogang), a Baowu Iron & Steel Group subsidiary, has published its earnings forcast for the first three quarters of the year. According to Shaogang its Q1-Q3 attributable net profits could reach CNY 1.75 billion ($265.09 million), implying Q3 net profit of around CNY 1.1 billion following CNY 649.65m in net profit in the first half..
A number of listed steelmakers have estimated soaring profits in …
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Anonymous
Very good overview of the weekly steel market.
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