27
Jul
01:00
Huaigang claims $20/t cost saving in Q2
Jiangsu Huaigang Special Steel, part of Jiangsu Shagang Group, says it is bucking the trend of lossmaking Chinese steelmakers and has seen profits rise sharply over 2015. Key to its performance is a round of measures over the last several months which have reduced costs by CNY 123.5/tonne ($20.19/t), Kallanish notes.
Huaigang says it earned pre-tax profit of CNY 155.63 million over January-June, up 48.66% year-on-year, on revenues of CNY 3.9 billio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous