24
Feb
09:51
Steel stockist Shanghai Wubo profits in hard times
Chinese construction steel stockist and trader Shanghai Wubo Steel Structure Material says it earned net profits over CNY 10 million ($1.53m) in 2015 despite the weak market. It says it avoided the fate of several other Chinese traders by managing costs and focussing on ties with key projects, Kallanish notes.
The privately-owned company has not released its full finances but claims CNY 10m in profits on sales of CNY 1.2 billion. Sales volumes totalled just unde…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous