13
Jul
06:27
Wujin Stainless forecasts tripled half-year profit
China-listed Jiangsu Wujin Stainless estimates its net profits in the first half of the year will reach CNY 184.6 million ($25.7m), surging 123.94% from the same period of last year, Kallanish notes.
After deducting non-recurring gains and losses, the company’s half-year profit tripled compared with a year ago to CNY 118.6m.
Wujin Stainless explains that the growth was because it seized the opportunity for the full recovery of the mid-to-high-end stainless …
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Anonymous
Very good overview of the weekly steel market.
Anonymous