27
Oct
10:05
Two Chinese tubemakers report surging profit despite headwinds
Shenzhen-listed steel tube enterprises Zhejiang Jiuli Hi-tech Metals and Zhejiang Changbao Steeltube have reported surging profits in both the third quarter and the year through September, despite the steel market facing extreme difficulties during Q3, Kallanish notes.
In Q3, Jiuli earned CNY 371 million ($51.3m) on an unaudited operating income of CNY 1.77 billion, which soared 57.55% and 15.72% from a year earlier respectively. Over January-September, the compan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous