24
Apr
08:42
Hegang steel profits rise but margins fall
The listed arm of Hebei Iron & Steel (Hegang) has revealed a breakdown of its steel profits in 2017 (see table below). It attributes the profit growth to cost control and recovered steel prices. Total financial costs also fell by -7.2% from 2016, Kallanish notes. Steel business margins fell overall however.
Last year Hegang listed company reported CNY 108.98 billion ($17.29 billion) in operational revenue and CNY 1.84 billion in net attributable pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous