30
Oct
06:43
Shangang quadruples net profit in January-September
China’s Shandong Iron & Steel (Shangang) achieved CNY 43.91 billion ($6.6 billion) in sales revenue and CNY 1.07 billion in attributable net profit in January-September, up by 21.44% and 403.6% respectively year-on-year, according to a company filing to the Shanghai Stock Exchange.
Based on the company report, Kallanish calculates Shangang produced more than 5.52 million tonnes of steel products in the first nine months of 2017.
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Anonymous
Very good overview of the weekly steel market.
Anonymous