22
Aug
08:22
Taigang Stainless’ first-half profit halves on-year
Shenzhen-listed Taigang Stainless Steel has reported halving net profit for the first half of 2022, owing to a faster increase in operating costs than operating revenue, according to its announcements.
In H1, the company produced 6.017 million tonnes of crude steel, of which 35.5% was stainless steel, Kallanish notes. The two figures were 3.6% and 2.1% lower than a year earlier, respectively.
Despite lower production, the company’s operating income als…
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