24
Aug
08:00
Nangang sees falling first-half earnings as sales drop
Nanjing Iron & Steel (Nangang), listed on the Shanghai Stock Exchange, has reported lower earnings for the first half of 2022 as its sales dropped during the period, though operating costs were also lower, according to its exchange filing.
In H1, Nangang produced 4.89 million tonnes of finished steel, down 8.55% year-on-year due to maintenance on the No.2 blast furnace and converters, Kallanish notes. This is also equivalent to 45.8% of its annual product…
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Anonymous
Very good overview of the weekly steel market.
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