06
Jul
08:34
China's Linggang returns to profit in first half
Northeastern China’s Lingyuan Iron & Steel (Linggang) estimates its net profit attributable to shareholders in the first half of 2017 could have reached around CNY 400 million ($58.84m). This compares with a loss of CNY 79.73 million over the same period a year earlier.
The company says that the recovery in steel markets, increased steel output and better sales margins were behind the return to profit, Kallanish notes.
On 6 July Lingg…
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Anonymous
Very good overview of the weekly steel market.
Anonymous