16
Aug
06:13
Chinese special steelmakers lift first-half profits
China’s Xining Special Steel and Zhejiang JIULI Hi-tech Metals have both reported positive results to the stock exchange for their first-half 2017 operations. Xining turned year-earlier losses into CNY 10.86 million ($1.63m) net profit and JIULI saw net profits rise by 6.54% to CNY 66.72m. However the margin increase has been less than that for standard steelmakers as raw material price hikes in the past months have hit special steelmakers…
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Anonymous
Very good overview of the weekly steel market.
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