17
Jul
04:56
Jiangsu Wujin Stainless anticipates profit climb
Jiangsu Wujin Stainless Steel Company recently estimated its profit for the first half-year will increase, bucking the trend seen in the wider Chinese steel industry, Kallanish notes.
It hopes net profit will rise by 64% year-on-year to CNY 150.39 million ($21.86m) in H1. The growth has been driven by investments into key downstream industries like oil and gas. Meanwhile, the company has supported product innovation and upgraded production te…
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Anonymous
Very good overview of the weekly steel market.
Anonymous