24
Jan
06:50
Nangang and Sangang join the steel profit spree
Eastern China’s Nanjing Iron & Steel (Nangang) and Fujian Sangang have joined Shagang (see separate article) in reporting a major surge in profits in 2017, Kallanish notes.
Nangang’s listed company estimates growth in profits of around 800% in 2017, in reporting CNY 3.2 billion ($499.97 million) in net attributable profits. Fujian Sangang’s listed company has amended its profit growth estimate from 236-286% to 303-353%, imply…
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Anonymous
Very good overview of the weekly steel market.
Anonymous