26
Mar
01:20
Nangang sees profit drop in 2019
According to its 2019 annual report, Nanjing Iron & Steel (Nangang) saw profit slump despite higher sales prices and volumes. The company aims to increase its focus on special steel materials, Kallanish notes.
Nangang earned operating revenue of CNY 47.97 billion ($6.75 billion) in 2019, rising by 9.91% year-on-year. Net attributable profit dropped by -34.98% y-o-y to CNY 2.61 billion. Although its financial performance was hit by the incre…
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Anonymous
Very good overview of the weekly steel market.
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