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09 Jan
02:51

Jianlong Xigang rebounds in 2019

It has been one year since Jianlong Group took control of the bankrupt Xilin Iron & Steel (Xigang). According to the 2019 performance review of Jianlong Xigang, Xigang has successfully reversed its decline after a tough year, Kallanish notes. During 2019, Jianlong Xigang produced a new annual high of 4.01 million tonnes of steel, increasing by 39% on-year. It earned operating revenue of CNY 16.5 billion ($2.38 billion), up by 57.14%. Jianlong Group …
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