30
Jan
07:06
Chonggang and Xingang anticipate positive operating results
China’s Chongqing Iron & Steel (Chonggang) and Xinyu Iron & Steel have both told the Shanghai Stock Exchange they expect to report a positive 2017 performance. Xinyu produced 8.9 million tonnes of crude steel and Chonggang produced 4.11mt last year, respectively up by 3.9% and 74.7% year-on-year, Kallanish notes.
Xinyu forecast a growth of 497.60%-597.21% in net attributable profits to between CNY 3.0-3.5 billion ($47.43-55.33 million).
Chonggan…
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Anonymous
Very good overview of the weekly steel market.
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