26
Apr
08:41
Tisco’s profit slides in the first quarter
China's Taiyuan Iron & Steel Stainless (Tisco) failed to sustain its uptrend into the first quarter after an improvement last year (see Kallainsh passim). According to its released first-quarter report, operating revenue fell -5.69% year-on-year to CNY 17.08 billion ($2.54 billion), while net attributable profit slumped -76.4% to CNY 345 million.
Tisco has also announced its operating target for 2019. It aims to produce 10.8 million tonnes…
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Anonymous
Very good overview of the weekly steel market.
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