20
Apr
10:10
Jiugang Hongxing reports surging net profits
China-listed Gansu Jiugang Hongxing reported surging annual profits thanks to the strong market last year, although sales volumes remained stable compared to 2020, Kallanish learns from the firm's annual report.
In 2021, its own mines produced 9.61 million tonnes of iron ore, supporting the company’s output of 7.61mt of iron and 8.75mt of crude steel.
In terms of finished steel, annual output fell 0.57% year-on-year to 8.7mt, but sales reached 8.76mt, p…
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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