15
Jan
00:00
Shangang hopes for turning point in 2015
Shandong Iron and Steel (Shangang) hopes to put its troubled past behind it this year with a targeted net profit of Yuan 1.8 billion ($290 million), it says. It has an uphill struggle ahead of it but analysts have welcomed moves to diversify its business, Kallanish notes.
The 20 million tonnes/year steelmaker recorded a Yuan 991m loss over the first nine months of 2014 and has struggled in a number of areas. Formed from the merger of Jinan Iron and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous