06
Nov
02:44
Magang profits shrink over January-September
Lower sales and steel prices have eaten into Ma'anshan Steel Group's (Magang’s) revenue and profits over the first nine months of 2019, Kallanish notes.
According to the company's official report on the Shanghai Stock Exchange (SSE), Magang posted CNY 57.58 billion ($8.23 billion) in operating revenue, down -8.77% year-on-year over the first three quarters. This is mainly due to an on-year fall in both steel sales and prices…
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Anonymous
Very good overview of the weekly steel market.
Anonymous