31
Oct
03:26
Angang suffers in third quarter, HBIS profits
Angang Steel Company Limited, the listed body of China’s second largest steel enterprise Anshan Iron & Steel Group, and HBIS Company Limited on Tuesday reported their earnings for the third quarter of the year. The two companies reported totally opposite results, Kallanish notes.
During the reporting period, Angang saw its operating income fall 16.67% on-year to CNY 25.46 billion ($3.49 billion). The company remained unprofitable, but its quarterly loss …
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Anonymous
Very good overview of the weekly steel market.
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