14
Jul
05:48
Three Chinese steelmakers predict falling H1 profits
China-listed Hebei Iron & Steel (HBIS), Bengang Steel Plates, and Lingyuan Iron & Steel (Linggang) have predicted decreases in their net profits in the first half of the year, mainly due to the weak market in Q2, Kallanish notes.
HBIS’s net attributable profit for the first half year was forecast to be between CNY 913 million ($136m) and CNY 1.065 billion, down 30%-40% year-on-year.
Bengang Steel Plates reported an expected combined profit of CNY 50…
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Anonymous
Very good overview of the weekly steel market.
Anonymous