01
Feb
06:43
Shougang, Bayi signal positive 2017
China’s Shougang Group and northwestern Bayi Iron & Steel have both signalled very strong steel profits for 2017, according to notices on the Shenzhen and Shanghai stock exchanges.
Shougang estimates around 448-498% year-on-year growth in net attributable profits to CNY 2.2-2.3 billion ($349.43-365.31 million) in 2017. It produced 27.629 million tonnes of crude steel last year. Bayi meanwhile forecasts a 3,036% surge in profits to CNY 1.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous