30
Dec
17:14
Fangda Steel expects profit growth in 2020
Jiangxi Fangda Steel Group says the company expects to earn over CNY 10 billion ($1.53 billion) in profit in 2020, indicating a small increase year-on-year, Kallanish notes.
“Due to relatively stable development in 2020, Fangda Steel’s annual total output is estimated at 19 million tonnes, and sales turnover at CNY 80 billion. The tonnage and profit are expected to rank in the top 10 in China’s steel industry,” chairman Huang Zhihua says.
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Anonymous
Very good overview of the weekly steel market.
Anonymous