13
Aug
08:31
Lingang profits hike on strong first-half steel prices
Northern China's Linyuan Iron & Steel (Lingang) saw a better performance in the first half of 2018, according to its report to the Shanghai Stock Exchange. The company's net attributable profit increased by 84.8% year-on-year to CNY 738.81 million ($107.3m), Kallanish notes.
In H1 2018, Lingang's operating revenue increased by 20.6% y-o-y to CNY 10.08 billion and its operating costs increased by 16.1% y-o-y to CNY 8.63 billion. The company e…
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Anonymous
Very good overview of the weekly steel market.
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