30
Aug
06:29
Jiugang Hongxing hits higher H1 profits and production
Jiuquan Iron & Steel Group's listed subsidiary Hongxing Steel saw rising profits in the first half of 2019 despite lower operating revenue, according to the company's official report on the Shanghai Stock Exchange. The improvement in performance was mainly because of a reduction in production costs, Kallanish notes.
During the reporting period, although Hongxing's revenue decreased 1.19% year-on-year to CNY 22.77 billion ($3.18 billion)…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous