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18 Mar
10:05

Listed Chinese steelmakers report better performance in 2018

More small listed steel companies have recently announced their performance in 2018, and all firms have seen stronger profits. Cost reductions and sales growth, especially higher sales prices, are the main reasons why these companies saw progress, Kallanish notes. Fujian Sangang Minguang's operating income increased by 14% year-on-year in 2018 to CNY 36.25 billion ($5.4 billion), while its total profit increased by 13.83% to CNY 8.7 billi…
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