19
Apr
04:09
Bengang profit shrinks
Benxi Steel listed company Bengang Steel Plate in northern China saw its net attributable profit decrease -35.22% year-on-year to CNY 1.04 billion ($155 million) in 2018. This is in contrast to the tendency of steel companies nationwide, which saw a sharp y-o-y increase in profits during the same period, Kallanish notes.
The main reason for this result was that operating costs increased slightly more than operati…
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Anonymous
Very good overview of the weekly steel market.
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