28
Apr
08:39
Angang suffers from huge loss in Q1
China-listed Anshan Iron & Steel (Angang) has reported a net loss in the first quarter that was almost equivalent to last year’s annual net profit, indicating continued suffering period after the sharp profit decline in 2022, Kallanish learns.
Angang’s operating income fell by 11.69% year-on-year to CNY 30.84 billion ($4.46 billion) in Q1. Meanwhile, it registered a net loss of CNY 149m, falling sharply from a gain of CNY 1.48 billion a year earlie…
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Anonymous
Very good overview of the weekly steel market.
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