15
Oct
04:33
Three Chinese steelmakers predict September-quarter profit drop
Three more China-listed steel companies have reported a quarter-on-quarter decline in expected profit in the September quarter. Chinese steelmakers saw their Q3 earnings hit by tighter margins and lower production, Kallanish notes.
Hunan Valin Steel expects a net profit attributable to shareholders of CNY 2.1-2.3 billion ($326-357 million) for Q3, up 16-27% year-on-year but down 35%-40% q-o-q. However, its forecast for nine-month profit is still boo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous