12
Oct
08:41
Liugang predicts a halving of profits year-to-date
Liuzhou Iron & Steel Group's listed company predicts it will see a 50-59% fall in net profits over the first three quarters of 2019, Kallanish notes. The listed company has announced that it expects net profits to be CNY 1.638-1.932 billion ($231-273 million) lower during the reporting period than a year earlier.
The rise in raw materials costs, especially iron ore prices, and the decline in domestic steel prices continue to be the main reasons…
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Anonymous
Very good overview of the weekly steel market.
Anonymous