30
Jan
04:31
Magang targets slight increase in steel output
Ma’anshan Iron & Steel (Magang) is estimating a 237% increase in net attributable profits at its listed company to around CNY 4.14 billion ($654.49 million) for 2017. As most other major steel companies have done, Magang attributes the improvement to supply-side reform and the effective clearance of mislabelled steel output.
Last year Magang Group produced 7.6 million tonnes of processed iron ore, 18.17mt of iron, 19.71mt of crude steel and 18.57mt of …
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