07
May
06:41
Taigang Stainless resumes profitability in first quarter
China-listed stainless steel giant Taigang Stainless returned to the black in the first quarter of the year despite a decrease in revenue, Kallanish learns from the company’s Q1 report.
Operating income lost 5.57% compared with a year earlier to CNY 24.46 billion ($3.39 billion). Attributable profit reached just CNY 3.35 million, but this was up from a CNY 591.85m loss in Q1 of 2023.
In 2023, the company produced 13.91 million tonnes of crude steel, up 14.3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous