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12 Jan
12:28

China's Magang has profitable 2017

China’s Ma’anshan Iron & Steel (Magang) produced 19 million tonnes of crude steel last year, up from 18.63mt of crude steel output in 2016, according to Ma'anshan Daily. The steelmaker also manufactured 18mt of pig iron and 18mt of steel products in 2017. This year Magang plans to produce 7.35mt of iron ore, 18.3mt of pig iron, 19.85mt of crude steel and 18.82mt of steel products. It has also set targets of CNY 80 billion ($12.4 bil…
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