03
Jun
04:07
Shaanxi Steel turns a profit in April
China’s Shaanxi Iron & Steel Group (Shaanxi Steel) made a profit of CNY 51 million ($7.75m) in April, according its official news. Although it is profitable again, it is still struggling along with other inland steelmakers as production shifts to the coast, Kallanish notes.
Shaanxi Steel’s crude steel production increased 47.4% month-on-month to 756,700 tonnes in April, but despite the sharp improvement from the first quarter of 2016, production …
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Anonymous
Very good overview of the weekly steel market.
Anonymous