02
Sep
03:31
Magang performance recovers in second quarter
Ma’anshan Iron & Steel says in its latest semi-annual the refurbishment of a blast furnace and the negative flat steel market have impacted its performance, Kallanish notes.
Net attributable profit fell by -66.61% year-on-year in the first half of 2019 to CNY 1.15 billion ($160.04 million). Production declined to 8.74 million tonnes of iron, 9.48mt of steel and 8.91mt of finished steel, down respectively by -4.69%, -5.11% and -6.41% year…
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Anonymous
Very good overview of the weekly steel market.
Anonymous