17
Feb
02:58
Linggang foresees profits' slump for 2019
Lingyuan Iron & Steel (Linggang) says that it is anticipating lower profits in 2019. In the meantime, the Chinese steelmaker's 2020 February production will shrink, impacted by a decline in its operating rate, Kallanish notes.
Linggang expects 2019 net attributable profit to be around CNY 446 million ($63.89 million), a fall of -62.7% year-on-year. This is despite its sales volume having risen by 8.66% y-o-y in 2019, and its production havin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous