24
Oct
03:24
Shagang profit plunges in September quarter
Jiangsu Shagang Group's listed company saw a slight decrease in operating revenue in the third quarter of this year, according to its report on the Shenzhen Stock Exchange. Its net attributable profit slumped during the same period, Kallanish notes.
In Q3, Shagang's listed company reached CNY 3.69 billion ($522.5 million) of revenue and CNY 85.37m of net attributable profit, down -2.38% and -75.35% respectively year-on-year. …
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Very good overview of the weekly steel market.
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