23
Apr
06:26
Hegang first-quarter profits fall due to production restrictions
The listed arm of Hebei Iron & Steel Group (Hegang) has posted lower revenues and profits for the first quarter of 2018, Kallanish notes.
The steelmaker reports revenues of CNY 25.03 billion ($3.98 billion) and CNY 371.91 million net attributable profits, down by -11.6% and -42.7% year-on-year, according to Shenzhen Exchange.
Hegang attributes the decreases to the environmental restrictions over the period, which have also led to higher steelmaking unit c…
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Anonymous
Very good overview of the weekly steel market.
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