06
Mar
04:29
Shaogang bumps up gross margin for steel
Shaoguan Iron & Steel (Shaogang), a Baowu Group subsidiary in southern China, is reporting CNY 26.04 billion ($4.10 billion) in operating revenue and CNY 2.52 billion in net attributable profits in 2017, according to its results on the Shenzhen Stock Exchange. These increased by 86.4% and 2,381% respectively from 2016, and Shaogang says stronger steel prices, increased sales volumes and success in cost-cutting drove the improvement.
In 2017 Shaogang pro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous