22
Aug
05:49
Shougang lifts net profit in first-half 2017
Shougang Iron & Steel’s listed company has reported CNY 28.26 billion ($4.24 billion) in sales revenue and CNY 1.43 billion in profit over the first half year. Its attributable net profits meanwhile surged strongly year-on-year to CNY 948.9 million. On 22 August Shougang also announced four senior managers were resigning, including the previous chairman and current China Iron & Steel Association chairman Jin Wei, Kallanish notes.
Acc…
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Very good overview of the weekly steel market.
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