08
May
06:04
Fushun Special sees first-quarter profit recovery
Fushun Special Steel saw a decline in operating income in the first quarter, but a sharp rebound in profit, Kallanish notes from its release to the Shanghai Stock Exchange. After being restructured by Shagang in 2018, the steelmaker began to turn profitable in 2019.
During the first three months of 2020, Fushun reached CNY 1.44 billion ($204 million) of operating income, down -8.79% year-on-year. Net profit during the same period, however, was CNY 80.19m…
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Anonymous
Very good overview of the weekly steel market.
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