29
Jan
05:57
Fangda Special expects 265-300% profit growth
Fangda Special Steel, part of Fangda Group, estimates its net attributable profits grew 265-300% last year, reaching CNY 1.764-1.997 billion ($279.09-315.96 million), according to the listed company’s announcement.
Fangda Special says the growth was due to steel industry supply-side reform and government subsidies. It also says it aims to complete all planned environmental protection upgrade projects this year, Kallanish notes.
The whole group…
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Anonymous
Very good overview of the weekly steel market.
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