27
Aug
04:28
Bayi profit rebounds with demand
According to the semi-annual report of Bayi Iron & Steel (Bagang), its performance was worse than last year, but its profit rebounded in the second quarter, Kallanish notes.
In the first half year, Bagang generated operating revenue of CNY 9.54 billion ($1.33 billion), up by 16.2% year-on-year. Its net attributable profit slid by -42.7% y-o-y to CNY 124 million. In the second quarter, however, revenue and net profit rose by 43.23% and 263.92% …
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Anonymous
Very good overview of the weekly steel market.
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