26
Aug
01:00
Shougang Jintang sees first profits
Shougang Jingtang, a subsidiary of Shougang in Hebei province’s Caofeidian development, has recorded its first ever profit in the second quarter of 2014 after several years of difficulties, the Beijing Evening News says in a report monitored by Kallanish.
The 10 million tonnes/year integrated flat steelworks saw its first profit, Yuan 1 million ($160,000), in May and this increased to Yuan 17.76m in June and to around Yuan 30m in July, the report says.…
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Anonymous
Very good overview of the weekly steel market.
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