26
Oct
09:36
Hanggang takes losses as shutdown confirmed
Eastern China’s Hangzhou Iron and Steel (Hanggang) has reported a net loss over the first three quarters of 2015 after its operating income slumped by more than one third. The company also confirmed that it would shut down production at its main steelworks as it relocates to Ningbo, Kallanish notes.
Hanggang saw a net loss attributable to shareholders of CNY 409.22 million ($64.4m) over January-September, down from a profit of CNY 5.06m a year ea…
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Anonymous
Very good overview of the weekly steel market.
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