18
Jan
03:54
Angang, Shaogang estimate soaring profits for 2017
China’s Anshan Iron & Steel Group (Angang) and Shaoguan Iron & Steel (Shaogang) have both reported soaring profits through their listed companies on the Shanghai and Shenzhen stock exchanges. Both companies say that their profit surge was due to the clearance of mislabelled steel capacity and improved internal management.
Angang Group only returned to profit in 2017 after five years of losses, while its listed company had already turned…
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Anonymous
Very good overview of the weekly steel market.
Anonymous