20
Apr
06:06
Shagang estimates soaring net profits in first half
Jiangsu Shagang estimates its first half 2017 net profits attributable to shareholders increased 97.76%-189.04% to CNY 130-190 million ($19-28m), according to an anouncement on 17 April. The improvement was due to higher steel prices, increased gross margins and improved internal management over the period, it says.
This compares poorly however with the estimate that the steelmaker's parent company, Shagang Group, earned CNY 2 billion in the first quart…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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