20
Apr
08:15
Magang signals first-quarter profit growth
The listed arm of China’s Ma’anshan Iron & Steel Group (Magang) has reported CNY 18.31 billion ($2.92 billion) in operating revenue and CNY 1.42 billion in net attributable profit for the first quarter of 2018. This is up by 5.6% and 57.25% respectively year-on-year, Kallanish notes.
The Magang group produced 4.7 million tonnes of iron, 5.06mt of crude steel and 4.78mt of steel products in Q1 2018, respectively down by -2.30%,…
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Anonymous
Very good overview of the weekly steel market.
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