16
Jun
01:00
Shangang continues productivity drive to boost profits
Eastern China’s Shandong Iron and Steel (Shangang) is moving forward with plans to restructure, boost productivity and begin making a profit, according to local media reports. The awkwardly-composed state-owned firm has struggled on through several years of losses and significant changes are needed to return to profitability, Kallanish notes.
The company’s goal for 2020 is to earn net profit of over CNY 8 billion ($1.3 billion) on revenues of CNY…
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Anonymous
Very good overview of the weekly steel market.
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