23
Oct
08:35
Fushun Special Steel continues to lose money
Fushun Special Steel's third-quarter report shows that the company lost CNY 126 million ($18.2m) over Q1-Q3 this year due to rising raw material costs, Kallanish notes. If the steelmaker’s 2018 audited net profit is still negative, the steelmaker will be suspended on the stock market, according to Shanghai Stock Exchange.
According to the financial report data, Fushun Special Steel's operating revenue was CNY 4.352 billion in the first th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous