30
Aug
09:30
Angang net profits soar in first-half 2017
Anshan Iron & Steel Group’s listed arm has reported CNY 39.06 billion ($5.88 billion) in sales revenue and CNY 1.82 billion in net attributable profit over January to June, up 53.59% and 507.67% year-on-year respectively. Angang says profits grew thanks to recovering steel markets and reformed management, while its financial costs decreased from last year, Kallanish notes.
Angang Group saw its pig iron output dip -1.11% y-o-y to 10.68 million tonnes in…
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Anonymous
Very good overview of the weekly steel market.
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