11
Mar
03:27
Yonggang performance improves despite coronavirus
Jiangsu Yonggang Group says that it improved its performance during the first two months of 2020 by bringing forward shipments overseas and guaranteeing its supply of raw materials, Kallanish notes.
From January to February, Yonggang says it earned operating revenue of CNY 11 billion ($1.58 billion), a year-on-year increase of 10%. Its profit before tax increased by 30% y-o-y to CNY 600 million.
On 5 March, Yonggang successfully completed a shipment of 12,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous