30
Jan
06:55
Xining Special profitability suffers despite strong 2021 market
Xining Special Steel, listed on the Shanghai Stock Exchange, has predicted a net loss attributable to shareholders of CNY 470 million ($73.89m) in 2021, down from a net profit of CNY 59.14m one year earlier, Kallanish notes.
Compared with the general performance of listed steel companies in China in 2021, Xining Special's losses are extremely unusual.
The company blames the loss on four reasons: faster increases in raw materials prices than steel prices,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous