26
Oct
13:46
Shanxi Coking boosts profits on surging prices
The soaring coke price caused by short supply has caused Shanxi Coking's net profit to nearly double in the first three quarters of this year, Kallanish notes.
Shanxi Coking has reported CNY 1.85 billion ($289.9 million) of net profit attributable to shareholders in the first three quarters of 2021, up by 98.9% year-on-year. The operating revenue meanwhile increased by 63.22% on-year to CNY 8.18 billion.
Although coke production and sales slumped by 4.65…
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Anonymous
Very good overview of the weekly steel market.
Anonymous