31
Oct
06:25
Chonggang narrows losses over Jan-Sep
The listed arm of Chongqing Iron & Steel (Chonggang), which is undergoing bankruptcy restructuring, reported CNY 8.18 billion ($1.2 billion) in sales revenue and CNY 882.07 million in net loss over January to September, according to a Shanghai Stock Exchange filing. Revenue grew 122.06% on-year, while loss narrowed by 71.47%, Kallanish notes.
Chonggang‘s creditors recently held two public asset auctions on the People’s Court Litigation …
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Anonymous
Very good overview of the weekly steel market.
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