25
Apr
10:55
Special steels' companies see first quarter margins increase
Daye Special Steel and Yongxing Special Stainless Steel have published their first quarter 2017 operation reports with both achieving higher net profits year-on-year. Central China’s Daye saw its Q1 net profits grow 14.89% to CNY 65.28 million ($9.48m) and eastern Yongxing’s net profits increased 21.25% to CNY 65.1m ($9.45m), Kallanish notes.
Daye gave no reason for its improved margins. Its report however shows that it booked no depreciati…
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Anonymous
Very good overview of the weekly steel market.
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