02
Nov
06:37
Shagang’s earnings improve in third quarter
Shagang, China’s largest private steelmaker in terms of production, experienced its best quarter this year for earnings in July-September, Kallanish learns from its unaudited quarterly report.
In Q3, operating income rose marginally over Q2 to CNY 3.75 billion ($512 million), which was still 11.36% lower year-on-year. This took year-to-date income to CNY 11.34 billion, an on-year loss of 18.46%.
Despite quarterly income being lower than in Q1, Shagang&rsquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous