02
Sep
06:50
Chongqing Steel squeezed between sales and costs
Chongqing Iron & Steel, listed on the Shanghai Stock Exchange, announced slump in revenue and profit for the first half of 2022 due to lower sales and higher costs, according to its exchange filing.
The company produced 3.698 million tonnes of iron and 3.846mt of crude steel in H1, down 20.66% and 23.55% from a year earlier, respectively, Kallanish notes.
In terms of finished steel, Chongqing Steel saw a year-on-year decrease of 21.57% in production, which s…
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Anonymous
Very good overview of the weekly steel market.
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