25
Aug
11:02
Shagang listed company's output rises but profit falls
The listed company of Shagang Group, a major steel producer in eastern China, reported revenue growth in the first half of this year, but its profits fell. Shagang's listed arm mainly comprises Huaigang with around 3.2 million tonnes/year of steel capacity, but excludes Shagang Group's main steelworks in Zhangjiagang, Kallanish notes.
The listed firm achieved H1 operating revenue of CNY 6.48 billion ($937.7 million), an increase of 3.89…
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Anonymous
Very good overview of the weekly steel market.
Anonymous