14
Mar
09:26
Shagang reports 67% profit growth in 2021
China-listed Shagang has reported a growth of 67.23% year-on-year in its gross profit last year to CNY 2.64 billion ($415 million), Kallanish learns.
Meanwhile, CNY 1.08 billion of profits attributable to shareholders was generated on total income of CNY 18.49 billion, surging 66.32% and 28.14% respectively.
The company attributes this growth to seizing market opportunities, cost reductions and improved marketing strategies in the given year. Shagang is curr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous