27
Feb
04:06
Shagang, Sangang announce final profits for 2017
Eastern China’s Shagang and Sangang Minguang have both announced their final 2017 results on the Shenzhen Stock Exchange, respectively confirming 218% and 331% growth in net attributable profits from 2016. Both agree that the effective steel industry restructuring and capacity cuts contributed towards the margin surge, Kallanish notes.
Shagang share trading is still halted due to ongoing acquisiton of a big data company, and the latest progress report reve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous