JISCO Hongxing Steel posts net profit of RMB 585 million for H1

Tuesday, 21 August 2018 09:01:58 (GMT+3)   |   Shanghai
       

Gansu Province-based Chinese steel producer Hongxing Steel, a listed subsidiary of Gansu-based steelmaker Jiuquan Iron and Steel Group (JISCO), has announced that it has registered an operating revenue of RMB 23.04 billion ($3.35 billion) in the first half of the year, up 19.22 percent year on year, while posted a net profit of RMB 585 million ($85.1 million) for the given period, increasing by 66.74 percent compared to the same period of the previous year.


Similar articles

Ex-Asia slab prices differ depending on destination, more declines expected

28 Mar | Flats and Slab

Chinese HDG export prices mainly stable, with negative bias in some offers

28 Mar | Flats and Slab

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Local coke prices in China fall again, decline likely to halt next week

22 Mar | Scrap & Raw Materials

Chinese HDG export prices fall slightly, but local market improves

21 Mar | Flats and Slab

Vietnam’s Formosa cuts HRC prices again in March as gap with China remains big

19 Mar | Flats and Slab

Chinese HDG export prices decline amid fall in local and futures prices

14 Mar | Flats and Slab

Ex-Asia wire rod prices fall, market awaits more output cuts in China to slow downtrend

14 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 14, 2024

14 Mar | Longs and Billet

Vietnam’s Formosa cuts local HRC prices less than expected as import prices dip sharply again

13 Mar | Flats and Slab