31
Jul
06:48
Shangang H1 net profits surge 2023% y-o-y
Shandong Iron & Steel (Shangang) has recently published its H1 operations report to the Shanghai Stock Exchange, reporting CNY 31.56 billion ($4.68 billion) in sales revenue and CNY 595.59 million in attributable net profits, up by 41% and 2023% year-on-year respectively. Shangang says the national capacity closure campaigns, especially the clearance of mislabelled capacity in H1, helped boost company profits, Kallanish notes.
Last year Shangang Group record…
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Very good overview of the weekly steel market.
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