20
May
06:17
Xining Special profits in first quarter
Western China's Xining Special Steel Group increased its first-quarter net attributable profit by 43.16% year-on-year to CNY 16.1 million ($2.33m), according to its reports on the Shanghai Stock Exchange. Due to high debt levels, the company's net attributable losses were CNY 2.05 billion in 2018, Kallanish notes.
Xining Special Steel reduced its debt by transferring and auctioning its debt and assets. At the same time, increased…
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Anonymous
Very good overview of the weekly steel market.
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