13
Apr
09:50
China’s Linggang earns $29m in Q1
China’s northeastern Lingyuan Iron & Steel has earned CNY197.86 million ($28.71m) in net profits in Q1, turning losses last year into gains, according to the listed company's announcement. Last year it produced 4.88 million tonnes of crude steel, an increase of 5.4% year-on-year, Kallanish notes.
The report shows Linggang considers its profits the result of both growing sales and higher product prices. It has also received CNY 28.36m in g…
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Anonymous
Very good overview of the weekly steel market.
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