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24 Jan
14:18

Jiangsu Daming boosts steel processing output

Jiangsu Daming, a major Chinese steel processor, has reported higher growth in its carbon steel than stainless business in 2017, according to the listed company's announcement on the Hong Kong Stock Exchange. However, losses from the stainless sector in the first half-year left net attributable profits down around -38.7% over the first nine months of last year. In 2017 Daming in total sold 1.607 million tonnes and processed 2.323mt of stainless steel, u…
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