01
Nov
05:27
Fushun Special profits shrink
Northeastern China’s Fushun Special Steel, a profitable subsidiary of the bankrupt Dongbei Special Steel Group, reports attributable net profits over January-September shrank by -48.9% year-on-year to CNY 67.47 million ($10.18m). This was due to soaring raw material and financial costs, according to the listed company's report to the Shanghai Stock Exchange, Kallanish notes.
Fushun Special’s sales revenue in the first nine months grew 1…
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Anonymous
Very good overview of the weekly steel market.
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