18
Jul
05:20
Fangda Group H1 profits beat 2016
Jiangxi Fangda Group’s 2017 first half profit reached CNY 2.8 billion ($413.3 million), higher than 2016's full-year profits according to a company release.
In 2016 Fangda Group produced about 13.68m tonnes of crude steel, while in the first five months of this year Fangda Group saw its crude steel output grow 21.4% year-on-year to about 5.97 million tonnes, Kallanish notes.
Fangda has two subsidiaries: Fangda Special Steel and Jiangxi Pingxia…
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Anonymous
Very good overview of the weekly steel market.
Anonymous