15
Jul
11:19
Chinese steelmakers’ net profits plunge
Some major steelmakers in China have recently released their earnings estimates for the first half of 2020, Kallanish notes.
Net profit at all these companies shows a downward trend, as expected considering the Covid-19 outbreak. Although performance in the second quarter generally improved, overall profit is still declining year-on-year. Anshan Iron & Steel, with the largest decline, saw profits fall by -64.91% on-year to CNY 500 million ($71.5…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous