27
Mar
08:58
Tiangong cuts costs and boosts margins
According to Tiangong International’s 2018 annual report on the Hong Kong Stock Exchange, the company achieved CNY 5.02 billion ($748 million) of operating income in 2018, up 28.8% year-on-year from the previous year. The special steelmaker’s gross profit has increased by 32.6% to CNY 660.9 million over the same period, mainly because of the improvements in both sales prices and volumes.
Tiangong’s income mainly comes from sales of steel f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous