23
Oct
03:49
Sangang Minguang profit falls in third quarter
China’s Sangang Minguang released its third-quarter financial report on 22 October. Despite the steelmaker having increased revenues over the period, its profit still fell, Kallanish notes.
Sangang’s net attributable profit fell by -66.5% year-on-year to CNY 652 million ($92.14m) in Q3 2019, even though Its operating revenue increased by 40% y-o-y to CNY 12.88 billion. Its profitability has fallen back to the level of the first-half of 2017…
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Anonymous
Very good overview of the weekly steel market.
Anonymous