16
Apr
12:00
Major Chinese steelmakers estimate positive Q1 profits
Several major Chinese steelmakers have all announced positive earnings forecasts for Q1, according to their official filings. Most steelmakers have seen margins surge on the back of falling prices over recent months, Kallanish notes.
Northeastern China’s Anshan Iron & Steel (Angang) estimates its Q1 net profit attributable to shareholders willl hit CNY 1.07 billion ($155.37m), reversing a CNY 615m loss in Q1 2016. Benxi Iron & Steel (Beng…
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Anonymous
Very good overview of the weekly steel market.
Anonymous