07
May
09:15
Shangang grows first-quarter profits despite lower revenue
Shandong Iron & Steel (Shangang) saw profits improve in the first quarter of 2018 but operating revenue decreased. Revenue slumped as flat product sales decreased by 4.50 million tonnes after the sale of Shandong Jinan Iron & Steel, Kallanish notes.
Shangang's listed arm reported an operating revenue of CNY 11.8 billion ($1.86 billion) in Q1, down 28.4% year-on-year. Its profits of CNY 621.45 million were up 37.3% y-o-y, according to its report …
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Anonymous
Very good overview of the weekly steel market.
Anonymous