05
Aug
02:32
Fushun Special sees profit with stable output
Fushun Special Steel's net profit for the first half of this year was CNY 125 million ($18m), according to the semi-annual report of Fushun's listed arm. Its operating revenue increased by 3.95% year-on-year to CNY 3.08 billion.
The steelmaker has completed around 63% of its profit target for this year, Kallanish notes. After Fushun resolved its debt problem through a restructuring (see Kallanish passim), it plans to achieve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous