29
Aug
03:29
Sangang Minguang profits back on track in Q2
On 27 August, Sangang Minguang released its semi-annual report for 2019. While revenue increased, profit fell back, but overall profitability is better than many of its peers, Kallanish notes.
Sangang’s net attributable profit fell by 32.8% y-o-y to CNY 2.17 billion ($303 million). That was a significant decline but Baosteel, Shangang, Bagang and Angang's net profits all slumped 43-67.3% y-o-y. Its operating revenue r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous