25
Apr
07:18
Profitable Fangda group's employees get cash-in-hand - literally
China’s privately-controlled and listed Fangda Special Steel saw net profits increase 361% year-on-year to CNY 284.91 million ($41.37m) in the first quarter. Last year it also achieved over 600% growth in net profits to CNY 665.84m. The parent Liaoning Fangda Group has consequently adopted a unique bonus system to reward its employees.
The group, which owns Pingan Iron & Steel, Jiujiang Iron & Steel (Jiugang) and Fangda Special…
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Anonymous
Very good overview of the weekly steel market.
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