30
Mar
11:32
Special steel drives Nangang's profit rise
Chinese steelmaker Nanjing Iron & Steel (Nangang) reported stronger results for 2020 and the first quarter of 2021. Higher gross margins for its special steel pushed up net profit, Kallanish notes.
Nangang saw total operating revenue increase 10.74% year-on-year to CNY 53.1 billion ($8 billion), and its net profit rose by 9.2% to CNY 2.85 billion. On a quarterly basis, revenue has grown steadily, but profit declined quarter-on-quarter in Q4.
In 2020, Nan…
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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