13
May
10:37
Angang sees soaring first-quarter profit
Angang Steel Company Limited, the listed arm of Anshan Iron & Steel Group (Angang Group), has reported a attributable net profit of CNY 1.52 billion ($235.6 million) in the first quarter of 2021, 320.55% higher than in the same period of last year, Kallanish notes.
Operating income, meanwhile, rose 56.75% year-on-year to CNY 31.88 billion. The price hikes for steel products in Q1 lifted its profit, but its costs increased by CNY 9.78 billion due to high raw ma…
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Anonymous
Very good overview of the weekly steel market.
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