24
Apr
13:38
Shangang achieves profitable Q1 after 2016 loss
Eastern China’s Shandong Iron & Steel's listed company, Shangang, lost CNY 599.89 million ($87.12m) last year but achieved CNY 452.56m net profit attributable to shareholders in Q1 2017, according to its annual report and Q1 earnings report. Shangang Group also earned CNY 432.11m in net profit over January to March, Kallanish notes
The two announcements on 20 April show the listed company produced 9.03 million tonnes of crude steel i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous