14
Jul
04:40
Shougang, Angang publish profitable H1 forecasts
China’s Anshan Iron & Steel and Shougang announced their H1 2017 earnings forecasts on 14 July on the Shenzhen Stock Exchange, both achieving massive growth in net profits. Due to the mislabeled steel capacity elimination campaign over January to June, Chinese steel prices and steelmaking margins have remained high over the period with raw material prices falling from the end of 2016, Kallanish notes.
Shougang estimates over January to June its attribu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous