22
Mar
02:45
Anyang Steel signals improved performance in 2018
Anyang Steel released data on its year-on-year growth in operating income and net profits last week, reflecting a better performance by the company in 2018. The company's operating income rose by 22.7% y-o-y to CNY 33.17 billion ($4.94 billion) last year, while, its attributable profits were up by 16.0% to CNY 1.86 billion, Kallanish notes.
The operating income from steel sections and flats increased by 56% and 28% respectively to CNY 1.61 billion …
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Very good overview of the weekly steel market.
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