17
Jul
03:47
Zhongyuan Special returns to first-half profit
Zhongyuan Special Steel returned to profit in the first half of 2019 from losses a year earlier, the firm says in its preliminary half-year report. Estimated net profit was CNY 480-580 million ($69.82-84.36m) for the past two quarters, while in the same period last year losses amounted to CNY 45.6m, Kallanish notes.
At the end of last year Zhongyuan Special Steel purchased 100% shares of COFCO Capital (see Kallanish passim). Zhongyuan Sp…
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Anonymous
Very good overview of the weekly steel market.
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