31
Mar
11:00
Angang expects first-quarter profit to soar 362%
Anshan Iron & Steel (Angang)’s listed arm says its net profit for the first quarter is expected to rise sharply, driven by the strong recovery of the steel market.
Net profit attributable to shareholders in January-March is predicted to be CNY 1.35 billion ($206.01 million), about 362% higher than profit in the same period of last year, Kallanish notes from Angang's stock exchange filing.
In addition to the impact of Covid-19 at the beginning o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous