28
Oct
11:08
Shangang returns to profit
Shandong Iron and Steel Group’s listed company Shangang has returned to profit according to its published third quarter report on 28 October. Shangang acknowledges that the growth in profit is mostly due to better financial investment income. The steelmaker has not signalled that it expects to make a loss at the end of the financial year.
Over the last three quarters, Shangang has achieved CNY 34.72 billion ($5.12 billion) in revenues, an increase of 8.53%…
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Anonymous
Very good overview of the weekly steel market.
Anonymous