17
Aug
06:21
Jiuli Special's profits double in first half
Chinese special steelmaker Jiuli Special Materials saw its attributable profits increase by 98.4% year-on-year to CNY 132.4 million ($19.2m), according to its report to the Shenzhen Stock Exchange. The company is one of the few suppliers of stainless steel seamless pipes for the oil and gas sector in China, Kallanish notes.
In the first half of 2018, the company's operating revenue increased by 41.8% y-o-y to CNY 1.95 billion. Within this, seamless pipe…
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Anonymous
Very good overview of the weekly steel market.
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