07
Feb
05:05
Xining Special Steel profits from restructuring gains
China’s Xining Special Steel predicts a profit of CNY 1.58 billion ($221 million) attributable to shareholders for the year 2023, Kallanish learns from its exchange filing.
However, this was boosted by restructuring gains confirmed in December last year. Excluding the non-recurring gains, the company lost CNY 1.738 billion in 2023.
In the previous two years, the company lost CNY 1.151 billion and CNY 1.147 billion respectively. Even though it was profitable…
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Anonymous
Very good overview of the weekly steel market.
Anonymous