18
Jul
05:33
Zhongyuan Special Steel sees first-half losses narrow
Around 20 listed steel companies in China expect to report healthy profits in the first half of 2018. Zhongyuan Special Steel (Zysco), however, expects to lose money in the same period. Zysco was also forced to admit its first-quarter losses were deeper than it expected, Kallanish notes.
Zysco announced it expects to lose CNY 40 million-50 million ($6m-8m) in H1, down from a profit of CNY 9.56m a year earlier. It reported the reduct…
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Anonymous
Very good overview of the weekly steel market.
Anonymous