15
Jul
06:33
Fangda Iron & Steel improves operating performance
In the first five months of 2019 Fangda Iron & Steel increased production despite the adverse market environment, Kallanish notes.
The production of iron, steel and steel products reached 5.37 million tonnes, 6.42mt and 6.44mt, respectively, increasing by 6.37%, 2.41% and 3.52% year-on-year. It earned operating revenue of CNY 27.74 billion ($4.03 billion), rising by 14.95% y-o-y. With iron ore prices strong and domestic prices weaker, Fangda earned…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous