28
Jan
08:16
Chinese steelmakers expect 2021 profits to surge
Most Chinese mills expect to see a significant increase in their profits in 2021 as steel prices have soared over the past year. Steel prices fell sharply in the second half of last year however, while lower output also supressed Q4 profits, Kallanish notes.
Shandong Iron & Steel released its 2021 annual performance forecast, saying net profit attributable to owners of the parent company in 2021 should be CNY 1.08 billion ($169.9 million) t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous