29
Sep
10:29
Angang predicts skyrocketing profit through September
China’s Anshan Iron & Steel (Angang) has announced skyrocketing net profit through September this year, due to the strong steel market, Kallanish notes.
The company’s unaudited net profit is predicted to be about CNY 7.5 billion ($1.16 billion) over January-September, a surge of 466.04% compared with the same period last year, it says in a stock exchange filing.
In the third quarter alone, net profit is estimated to have risen 180.85% year-on…
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Anonymous
Very good overview of the weekly steel market.
Anonymous