17
Oct
04:04
Shaogang Songshan anticipates third-quarter profit decline
Songshan, part of Guangdong’s Shaoguan Iron & Steel (SGIS), has announced its preliminary financial forecast for the third quarter. The results remain under pressure from a continuous decline in profit and its bankrupt wholly-owned subsidiary, Shaogang International Trade Company, Kallanish notes.
Net attributable profit in Q3 2019 is expected to fall by -72.0% to -75.0% year-on-year to CNY 250-280 million ($35.25-39.48m). Shaogang Internatio…
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Anonymous
Very good overview of the weekly steel market.
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