24
Jul
10:40
Chonggang predicts first-half-year profit recovery
Chongqing Iron & Steel (Chonggang) released on 23 July a positive forecast for its first-half-year performance to the Shanghai Stock Exchange. In H1 2017 the company made a loss of CNY 998.48 million ($149m), Kallanish notes.
Chonggang expects net profit attributable to shareholders will be CNY 760m in H1 2018, which is a significant turnaround compared with the same period of last year. The company explains the profit is mainly due to in…
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Anonymous
Very good overview of the weekly steel market.
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