31
Aug
06:50
Anyang, Jiugang Hongxing announce first-half losses
Anyang Iron & Steel and Jiugang Hongxing, which are listed on the Shanghai Stock Exchange, both reported losses for the first half of the year, according to exchange filings.
In the reporting period, Anyang Steel produced 4 million tonnes of finished steel, down 12.4% year-on-year, Kallanish notes. Meanwhile, it sold 3.82mt of finished steel at average of CNY 4,553/tonne ($661/t), 17.1% and 2.6% lower than a year earlier respectively.
The lower sales and pric…
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Anonymous
Very good overview of the weekly steel market.
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