08
May
08:55
More Chinese steelmakers report profitable Q1
China's Fujian Sangang Minguang, Xinxing Ductile Iron Pipe and Hunan Valin Iron & Steel have all reported profits over January-March in their first-quarter reports to the Shenzhen Stock Exchange. Xinxing Pipe and Valin reversed 2016 losses and Sangang Minguang saw its net profit soar 843.88% year-on-year, Kallanish notes.
Xinxing Pipe attributes the margin increase to increasing demand for its pipes from infrastructure projects. Both Valin and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous