06
May
04:59
Shangang foresees profit slumping in 2019
Shandong Iron & Steel Group (Shangang) released its first-quarter report at the end of April. Operating revenue increased by 17.27% year-on-year to CNY 13.84 billion ($2.06 billion), but net attributable profit fell by -74.45% y-o-y to CNY 160.71 million, Kallanish notes.
In addition, output of several products shrank, while production of coil products increased significantly.
Products
Production (million tonnes)
&…
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Anonymous
Very good overview of the weekly steel market.
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