02
Sep
10:45
Fangda Special posts record profit despite falling production
Despite steel production and sales falling over the first half of this year, Fangda Special Steel’s high steel prices and steelmaking margins led to historic-high half-year profit.
Operating income increased 34.12% year-on-year to CNY 9.87 billion ($1.5 billion) in H1, while the company’s net profit surged 79.84% to CNY 1.48 billion, Kallanish notes.
Both production and sales of the company’s steel products came to 2.06 million tonnes …
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Anonymous
Very good overview of the weekly steel market.
Anonymous