20
Feb
11:35
China's Delong expects hike in 2017 net profit
China’s Delong Holdings appears to be following the path of its fellow steelmakers in the country and has issued guidance indicating much-improved profits for 2017.
In a stock exchange posting monitored by Kallanish, the Beijing-headquartered steel company says that it is expected to report a significant year-on-year increase in net profit for the fourth quarter and full-year 2017.
This is mainly due to “… a significant increase in average …
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Anonymous
Very good overview of the weekly steel market.
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