31
Jan
02:33
Fangda Carbon signals profit fall in 2019
Leading Chinese graphite electrode producer, Fangda Carbon, has announced that it expects profits to fall in 2019 because of difficulties with shrinking market demand, Kallanish notes.
The company’s net attributable profit is expected to be CNY 1.867-2.267 billion ($269.16-326.83 million), a fall of 59.5-66.6% year-on-year. It says the main reason for this is that market demand turned weak last year, while the national capacity for producing …
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Anonymous
Very good overview of the weekly steel market.
Anonymous