24
Mar
04:17
Changbao Steeltube announces skyrocketing profits for 2022
China’s Jiangsu Changbao Steeltube last week reported skyrocketing profits for 2022 thanks to surging production and sales. It also announced a new precision steel tube investment at its current plant, according to exchange filings on the Shenzhen Stock Exchange.
In 2022, the production and sales of the company’s seamless pipe came to 742,187 tonnes and 704,458t, surging 39.93% and 39.57% year-on-year respectively, Kallanish notes.
The rapid growth in…
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Anonymous
Very good overview of the weekly steel market.
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