25
Nov
11:44
China Oriental’s sales grow, gross profit slumps
China Oriental Group Company Limited, the Hong Kong-listed parent company of Hebei Jinxi Steel, on 25 November announced a rebound in its third-quarter steel sales, and a huge decline in quarterly profit margin, Kallanish learns from the exchange filing.
In the September quarter, the company sold 1.8 million tonnes of steel products produced by its subsidiaries, growing 18.4% on-quarter and returning to Q1 levels. The volume was still 5.3% lower year-on-year howev…
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Anonymous
Very good overview of the weekly steel market.
Anonymous