26
Jul
09:22
Shagang businesses hit profit targets in first half
Shagang Group reports CNY 111.6 billion ($16.53 billion) in sales income and CNY 5.86 billion in profits in H1 2017, among which CNY 1.093 billion in profits were from non-steel businesses. Over the period Shagang in total produced 15.11 million tonnes of hot metal, 17.88mt of crude steel and 17.53mt of steel products.
Kallanish calculates the steelmaking margin/tonne was around CNY 271.93 ($40.28). Shagang says the flexibility of scrap usage rate greatly helped…
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