25
Jun
11:12
Meijin Energy predicts first-half profit to skyrocket
China-listed Shanxi Meijin Energy predicts profit will skyrocket in the first half of the year to CNY 1.1-1.5 billion ($171-233 million), compared with CNY 64m in the same period last year, Kallanish notes.
Rising profits are the result of high prices for coal and coke in H1, as well as the full commissioning of newly-built 3.85 million tonnes/year of coke capacity in Taiyuan, Shanxi.
In 2020, the company only made a profit attributable to its parent company…
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Anonymous
Very good overview of the weekly steel market.
Anonymous