03
Apr
04:35
Shaanxi Steel's profits rise in 2018
After the steelmaker had returned to profit in 2017, the profits of Shaanxi Iron & Steel Group (Shaangang) continued to grow in 2018, Kallanish notes.
Last year, Shaangang's operating income was CNY 53 billion ($7.9 billion), up 23.8% year-on-year. The company's profit increased by 56.6% on-year to CNY 3 billion, a record high for the company.
Profits were driven by higher volumes and higher prices. The company's crude steel pro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous