28
Mar
07:43
Sangang profits decline in first quarter
Sansteel Group's listed company Sangang Minguang (Sangang) has published its net attributable profit forecast for the first quarter of 2019. It expects to announce profits of CNY 1.031 billion ($153.12m), down -28% year-on-year and -22.4% quarter-on-quarter. This would mean that net profit in Q1 this year is almost half of that in Q3 2018. Kallanish notes.
The declining profit is due principally to three factors. Firstly, steel produ…
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Very good overview of the weekly steel market.
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