10
Jul
08:32
Yongjin forecasts a doubling of half-year profits
Major Chinese listed stainless steel manufacturer Zhejiang Yongjin forecasts its profits to surge 87.34%-110.76% year-on-year, reaching CNY 400-450 million ($55-62 million) in the first half of 2024, Kallanish learns from the company’s release.
This implies a gain of between CNY 278m and CNY 328m in the second quarter, soaring significantly from CNY 122m registered in Q1.
The company attributes this to more production supported by stainless strip proj…
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Anonymous
Very good overview of the weekly steel market.
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