30
Sep
11:44
Shagang seeks diversification following steel revenue slump
Shagang plans to acquire an internet data company, according to a recent stock exchange announcement. Shagang ranks No.2 in terms of business revenue and profit among Chinese steelmakers, and has started expanding businesses focussed on internet data, new materials and energy sectors since 2015, Kallanish notes.
Over January-August Shagang says it achieved CNY 3.074 billion ($460.81 million) net profit, an increase of 93% year-on-year. According to the…
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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