27
Apr
09:58
Shagang sees profits narrow on lower revenue
Eastern China's Shagang’s listed company reported that the steelmaker saw declining profits with lower revenue in the first quarter of 2020, Kallanish notes. Shagang listed company mainly includes Huai Steel's assets, with 3 million tonnes/year of steel capacity.
In Q1, Shagang listed reached CNY 2.75 billion ($388.29m) of operating revenue, down -5.39% year-on-year. Meanwhile, net attributable profits were CNY 98.27 million, -1.99% lower compar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous