01
Apr
02:49
Chongqing Steel sees profits tumble in 2019
Chongqing Iron & Steel (Chonggang) has posted lower profits for 2019 although production and sales volumes both increased. It improved its arrangements for sourcing iron ore in 2019 as well as refocussing its sales and marketing efforts, Kallanish notes.
Chonggang intends to produce 6.12mt of iron, 6.8mt of crude steel and 6.38mt of finished steel in 2020. It is aiming for a sales volume of 6.38mt this year.
In operational terms, Chonggang's capacit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous