05
Mar
09:44
Sangang Minguang predicts falling 2020 profit
Sangang Minguang, ultimately controlled by Fujian provincial State-owned Assets Supervision and Administration Commission, predicts operating income of CNY 48.64 billion ($7.51 billion) in 2020, down 4.89% year-on-year.
Profit is meanwhile forecast to decrease 35.4% to CNY 3.72 billion, Kallanish notes.
The company says the decline was in part because maintenance of the No.6 blast furnace caused a decrease in finished steel sales. It adds that gross ma…
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Anonymous
Very good overview of the weekly steel market.
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