26
Apr
06:43
Daye Special's profits slide in first quarter
Daye Special Steel released its first-quarter financial report on 23 April. Its operating revenue increased by 0.71% year-on-year to CNY 3.03 billion ($ 44.97 million) but it realised net attributable profit of CNY 86m, down -5.03% y-o-y, Kallanish notes.
In the first quarter, Daye produced almost 610,000 tonnes of steel products, an increase of 10.5% y-o-y. Its net profit/tonne of steel slid by -14% y-o-y however to CNY 142/tonne. This was mainly because o…
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Anonymous
Very good overview of the weekly steel market.
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