31
Oct
01:25
Shangang profits slide in third quarter
According to Shandong Iron & Steel Group’s third-quarter consolidated report, its net attributable profit has fallen, reversing an improvement in the second quarter, Kallanish notes.
During the third quarter, the group earned operating revenue of CNY 20.63 billion ($2.92 billion), up by 31.62% year-on-year. Net attributable profit slid by -111.88% to a CNY 87.96 million loss. The increase in revenue was due largely to the development of the c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous