26
Aug
01:00
Hegang grows profits as international expansion beckons
Northern China’s Hebei Iron and Steel (Hegang) managed to boost net profits 7.23% year-on-year to CNY 357 million ($56m) in the first half of 2015 despite falling prices and revenue. The company has stayed on track with its production plans, supported by its developing export networks, Kallanish notes.
Falling steel prices led to a -16.27% drop in revenues to CNY 42.43 billion despite crude steel output increasing 5.19% to 15.96m tonnes. Margins were b…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous