04
Sep
09:47
Jiugang Hongxing earnings slump alongside sales
In the first half of the year, Jiugang Hongxing, a leading steelmaker in northwestern China, reported falling turnover alongside sales. The company also registered losses mainly due to squeezing margins in the June quarter, Kallanish learns.
In H1, the company produced 4.91 million tonnes of finished steel, down 8.1% on-year. Meanwhile, finished steel sales fell by 7% to 4.54mt. Within this, stainless steel production and sales declined 9.8% and 10.4% to 391,200t …
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Anonymous
Very good overview of the weekly steel market.
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