15
Jul
02:39
Tisco estimates falling profit during first half year
Taiyuan Iron & Steel (Tisco)’s profit and realised steel prices declined in the first half of 2019, Kallanish notes.
Tisco estimates net attributable profit to be CNY 1.1-1.2 billion ($159.89-174.43 million), decreasing by -58-61% year-on-year. The company explains the change of the operating performance was mainly caused by the declining price of steel products and the rising cost of iron ore. Coke prices, meanwhile, remain at a hi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous