06
Sep
07:59
Fangda Special Steel profits spike in first half
Fangda Special Steel's listed company has reported to the Shanghai Stock Exchange that its attributable net profits increased by 85.35% year-on-year to CNY 1.306 billion ($192 million) in the first half of 2018. The company explains that the profit hike was mainly due to high steel prices and sales, as well as to cost reductions, Kallanish notes.
The operating revenue of Fangda Special Steel was CNY 8.238 billion in H1, up 31.4% y-o-y. Meanwhile, i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous