Angang Steel Projects Wider Loss in 2024

MT Newswires Live01-27

Angang Steel (SHE:000898) expected its 2024 loss to widen by 118% amid a decline in steel prices and low market activity in downstream industries.

Attributable net loss is projected to fall to 7.11 billion yuan in 2024 from 3.25 billion yuan the previous year, according to a Jan. 24 filing with the Shanghai bourse.

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