27
Aug
05:12
Nangang profit slumps in line with industry trend
Nanjing Iron & Steel (Nangang) has released its semi-annual report, showing that although production and sales volumes increased, profits still fell in the first half of 2019, Kallanish notes.
Nangang earned H1 operating revenue of CNY 24.1 billion ($3.37 billion), rising by 11.44% year-on-year. Production and sales volume increased by 6.36% and 6.57% to 5.03 million tonnes and 5mt respectively. Net attributable profit, however, decreased by -19.56…
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Very good overview of the weekly steel market.
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