02
Apr
03:15
Wujin Stainless improves performance with strong pipe demand
Wujin Stainless’ performance in 2019 was lifted by strong demand in the petrochemical industry, Kallanish notes from the firm’s annual report.
Operating revenue increased by 16.17% year-on-year to CNY 2.32 billion ($327.37 million). Net attributable profit rose by 58.12% to CNY 315m. The better performance was driven by accelerated investment in downstream markets, the firm says. Its sales to the petrochemical industry grew to 42.87% of total reve…
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Anonymous
Very good overview of the weekly steel market.
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