18
Aug
08:28
Nangang doubles first-half net profit
Nanjing Iron & Steel (Nangang) saw operating income increase by 58.42% year-on-year to CNY 38.59 billion ($5.95 billion) in the first half of this year. It meanwhile doubled its net profit to CNY 2.26 billion, Kallanish notes.
Nangang produced 5.35 million tonnes of steel products and sold 5.28mt in H1, up 10.15% and 9.87% y-o-y respectively. Special plate contributed the largest individual revenue, accounting for 33.4% of total revenue.
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Anonymous
Very good overview of the weekly steel market.
Anonymous