Fangda Special Steel’s net profit increases by 15.26 percent in 2018

Monday, 25 February 2019 11:47:04 (GMT+3)   |   Shanghai

Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd (Fangda Special Steel) has issued its financial report for 2018, announcing an operating revenue of RMB 17.286 billion ($2.55 billion) for the given year, up 23.96 percent year on year, together with a net profit of RMB 2.927 billion ($0.43 billion), rising by 15.26 percent year on year.

In addition, Fangda Special Steel’s finished steel product output (including rebar, wire rod, spring flat steel and other products) amounted to 4.454 million mt, up 15.07 percent year on year.

Most Recent Related Articles

Ex-CIS billet prices under pressure from weak demand, negative sentiment in scrap

India’s ArcelorMittal Nippon Steel bids to secure iron ore mines in Odisha

China’s HRC output up 10% in 2019, CRC output rises by 3.5 percent

Short sea scrap price down sharply in fresh deals to Turkey

US import HDG still holding steady