04
May
12:18
Hanggang Group profits grow in first quarter 2018
The listed arm of Hangzhou Iron & Steel Group (Hanggang) reported an operating revenue of CNY 6.54 billion ($1.03 billion) in the first quarter of 2018, a year-on-year increase of 3.41%. Higher production and price increases in Q1 2018 helped net profits grow by143% y-o-y.
The net profits of Hanggang's listed arm in Q1 2018 were CNY 503.04 million, an on-year increase of 143%, Kallanish notes. IThe steelmaker reported HRC product…
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Very good overview of the weekly steel market.
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