15
Sep
06:59
Bengang and Angang signal healthy third quarter profits
Chinese steelmakers continue to make hay while the sun shines. Two major producers have announced healthy profits, either estimated or actual, for their third quarter activities
The listed company of Benxi Iron & Steel (Bengang) announced on 15 September that its estimated 9-month attributable net profit is CNY 1.334 billion ($203.69 million), an increase of 132% year-on-year. The growth rate for the profit has actually slowed from that in the first half yea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous