30
Aug
05:52
Hanggang hikes profits, lifts scrap trading
Eastern China's Hangzhou Iron & Steel (Hanggang) reported to Shanghai Stock Exchange that the company's attributable profits increased to CNY 1.155 billion ($169 million) in the first half of 2018, up 225% year-on-year. The company says that the hike in profits was mainly due to higher sales and lower costs, Kallanish notes.
In H1, Hanggang's operating revenue increased by 3.11% y-o-y to CNY 13.176 billion, but its operating costs fell -5.84…
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Anonymous
Very good overview of the weekly steel market.
Anonymous