30
Apr
03:47
Fangda Carbon continues to face pricing pressures
Fangda Carbon New Material has released its 2018 annual report. Operating revenue for the year increased by 39.5% year-on-year to CNY 11.65 billion ($1.73 billion), while its net attributable profit rose 54.5% y-o-y to CNY 5.59 billion, Kallanish notes.
The company is facing a serious downtrend at the beginning of 2019 however. According to the first-quarter report, its revenue shrank by -48.9% to CNY 1.8 billion (see Kallanish passim).
Since …
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Anonymous
Very good overview of the weekly steel market.
Anonymous