17
Jul
09:21
Shaogang Songshan profit declines, subsidiary enters bankruptcy
China's Guangdong Shaoguan Iron & Steel (SGIS) Songshan Company reported an unsatisfactory performance in the first half of the year. Meanwhile, the bankruptcy of its wholly-owned subsidiary Shaogang International Trade Company is worrying investors, Kallanish notes.
Net attributable profit in the period is expected to decline -44.78% on-year to CNY 970 million ($141m). Selling prices of all products fell, while the cost of iron ore and scrap i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous