12
Apr
07:51
Liugang releases 2017 steel margin details
China’s Liuzhou Iron & Steel Group (Liugang) has released its steel business operation details through the Shanghai Stock Exchange. It reports CNY 2.601 billion ($414.02 million) of net attributable profit for 2017, up by a staggering 1,181.49% from 2016.
Liugang attributes the profit growth to high steel prices, expanded sales and a flexible sales and supply strategy, Kallanish notes. It says it adjusted its production agenda and distributio…
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Very good overview of the weekly steel market.
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