25
Aug
08:32
Taigang Stainless reports losses despite revenue growth
China’s Shanxi Taigang Stainless Steel, which is listed on the Shenzhen Stock Exchange, has reported losses for the first half of the year, despite its turnover growing during the same period, according to its exchange filing.
In H1, the company saw total crude steel production of about 6.9 million tonnes, up 14.6% from a year ago, Kallanish notes. Within this, stainless steel output soared 22.3% to over 2.61mt.
As a result, half-year operating income hike…
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