30
Oct
07:15
Shougang, Baogang remain profitable in third quarter
China’s Shougang and Baotou Iron & Steel (Baogang) are among the few listed steel companies in China that have remained profitable in the third quarter and year-to-date, Kallanish learns.
Shougang registered an operating income of CNY 27.65 billion ($3.78 billion) for Q3, which dropped just 3.19% from a year ago. This took y-t-d income to CNY 85.02 billion, a decrease of 7.34%.
Its quarterly attributable net profit surged over 16 times to CNY 540.04 mil…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous