04
Mar
10:36
Lingyuan Steel earns more despite lower output
Lingyuan Iron & Steel, listed on the Shenzhen Stock Exchange, reported surging annual profit last year despite its steel production declining, Kallanish notes.
In 2021, Lingyuan Steel’s 5.03 million tonnes of iron output and 5.41mt of steel output registered a year-on-year decline of 7.35% and 6.96% respectively, falling faster than the national averages of 4.3% and 3%. Finished steel output meanwhile fell 6.67% to 5.37mt.
Of that total, welded pip…
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