25
Apr
06:42
Taigang Stainless reports Q1 loss
After a sharp profit contraction in 2022, China-listed Taigang Stainless's net profit in the first quarter fell to a negative value despite an increase in revenue, Kallanish learns from exchange filings.
The company’s operating income was up 11.64% on-year at CNY 25.91 billion ($3.75 billion) in Q1, but net loss was recorded as CNY 591.85 million, compared with a gain of CNY 1.27 billion a year earlier.
Last year, Taigang Stainless produced 12.17 …
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Very good overview of the weekly steel market.
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