14
Jan
00:00
Shougang Jingtang earns Yuan 123 million profit in 2014
China’s Shougang Jingtang has booked its first profitable year since it began production in 2010, Xinhua reports. The Yuan 123 million ($20.1 million) profit comes as the plant has invested in reducing costs and increasing the value of its products. It has also benefited from the collapse of iron ore costs last year, Kallanish notes.
Jingtang was the flagship project for Shougang when it relocated its steelworks from downtown Beijing. The 9.7…
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Anonymous
Very good overview of the weekly steel market.
Anonymous