ASG News: on October 14, Shanxi Taigang stainless Steel Co., Ltd. announced the first three quarters of 2019 results forecast 1.7 billion-2 billion yuan, a year-on-year decrease of 50.75%-58.14%, the third quarter pre-profit 530 million-830 million yuan, a decrease of 31.88%-56.37% compared with the same period last year.
Taiyuan Iron and Steel said that in the first three quarters of 2019, iron and steel prices fell compared with the same period last year, iron ore, nickel and other raw materials prices rose, affecting the company's product profit margins, the company's results in the first three quarters of 2019 decreased compared with the same period last year.
