05
Jul
10:44
Liugang predicts stronger performance in first-half 2018
The listed arm of Liuzhou Iron & Steel Group (Liugang) has predicted around 395-467% year-on-year growth in its first-half profit. Net attributable profit is expected to be around CNY 1.565-1.851 billion ($237-280 million), the company has reported to the Shanghai Stock Exchange.
Liugang says the good performance is mainly due to cost cutting and the strong demand from end users and a y-o-y increase in steel prices. It also received CNY 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous