18
Jan
09:57
CITIC Special, Shagang forecast increased annual profit
China-listed CITIC Pacific Special Steel Group and Jiangsu Shagang Group have reported 2021 annual profit growth, due to high steel prices and cost controls, Kallanish learns from stock exchanges announcements.
CITIC Special forecasts operating income and net profit to grow 29.43% and 26.33% respectively to CNY 98.57 billion ($15.5 billion) and CNY 9.49 billion.
As for Shagang, net profit over the year is predicted to be between CNY 900 million and CNY 1.22 billi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous