15
Jan
09:46
Four Chinese steelmakers expect to double net profit
According to public statistics, eight listed steel companies as of 14 January have released performance forecasts for 2018, four of which expect to have doubled their net profit last year. Increased steel demand and prices were the two main reasons for the better performance of the Chinese steel industry in 2018, Kallanish notes.
Chongqing Iron & Steel turned from loss to profits after successfully being reorganised. It predicts a 400% increas…
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Anonymous
Very good overview of the weekly steel market.
Anonymous