20
Mar
01:40
Yongxing Special Stainless sees profit fall in 2019
China's Yongxing Special Stainless Steel Company’s profit slumped due to severe stainless market competition and an impairment in the last quarter, according to its latest report monitored by Kallanish.
During 2019, Yongxing posted operating revenues of CNY 4.9 billion ($690.84 million), an increase of 2.4% year-on-year. Its net attributable profit dropped by -11.3% to CNY 344m. The company produced a total of 296,900 tonnes of stainless products, u…
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Anonymous
Very good overview of the weekly steel market.
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