18
Apr
21:38
Angang releases 2017 steel profit analysis
Anshan Iron & Steel Group’s (Angang) listed arm has posted CNY 5.605 billion ($893 million) in net attributable profits for 2017, up by 247% year-on-year, according to the Shenzhen Stock Exchange. The company attributes the profit growth to the recovering steel market, improved sales and the use of long-term contraacts for its raw materials, Kallanish notes.
Angang's listed arm sold 1.47 million tonnes of automotive steel in 2017, up 17% …
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Anonymous
Very good overview of the weekly steel market.
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