16
Aug
08:45
Shagang’s listed arm reveals first-half decline in performance
Shagang Group’s listed company has reported a fall in performance in the first quarter of 2019 to the Shenzhen Stock Exchange. The main subsidiaries of the listed arm are Shagang Huaigang and Lihuai Steel, Kallanish notes.
During the reporting period, operating revenue was down by -13.8% year-on-year to CNY 6.23 billion ($890 million), and attributable profits slumped by -56% y-o-y to CNY 284.92m. The fall was mainly caused by…
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Anonymous
Very good overview of the weekly steel market.
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