19
Jul
09:49
Anyang Steel expects first-half performance to decline
Anyang Steel estimates an on-year net attributable profit decrease by CNY 736.73-796.73 million ($107-116m) for the first half of 2019. The surge in raw materials prices has lowered the company's profitability, Kallanish notes from Anyang Steel's report.
The company expects net attributable profit to be CNY 220-280m during the reporting period, down -72-78% year-on-year. It needs to accrue income tax after making up the previous …
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Anonymous
Very good overview of the weekly steel market.
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