02
Jul
11:35
Four Chinese steelmakers predict five-fold profit growth
Listed firms Anshan Iron & Steel (Angang), Bengang Steel Plates Co. (Bengang Plates), Shanxi Taigang Stainless Steel (Taigang Stainless), and Beijing Shougang have predicted their profits should rise at least 500% year-on-year in the first half of 2021, Kallanish notes.
Angang estimates its profit to be CNY 4.8 billion ($741 million), up 860% y-o-y (see Kallanish passim). Bengang Plates’ half-year profit is expected to rise 764% y-o-y to CNY 2.2 billion.…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous