13
Aug
11:36
Jiugang Hongxing posts soaring profit
China’s Jiu Steel Group Hongxing Iron & Steel (Jiugang Hongxing) has achieved a net profit of CNY 1.94 billion ($299 million) in the first half of 2021, with CNY 26.29 billion of operating income. The firm had experienced a loss of CNY 82.88m in H1 2020, Kallanish notes.
In the reporting period, Jiugang Hongxing produced 5.16 million tonnes of finished steel, including 3.22mt of bars and wire rods, 1.45mt of flats, and 498,800t of stainless steel.
Sale…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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