29
Aug
05:42
Reduced steel profits drag on Anyang in H1
The listed arm of Henan's Anyang Steel has reported to the Shanghai Stock Exchange that the company's operating revenue reduced 5.58% year-on-year to CNY 14.89 billion ($2.08 billion) in the first half of the year, while its attributable profits slumped 75.32% y-o-y to CNY 250.92 million.
The decrease in steel sales and the decline in steel prices have led to a decrease in total operating income, Kallanish notes. At the same time, the reduction…
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Anonymous
Very good overview of the weekly steel market.
Anonymous