24
Jan
02:05
Shagang sees explosive profits in 2017
China’s largest private steelmaker, the Shagang group, has posted a very robust set of operating results for 2017. Profit performance was particularly strong, Kallanish notes.
Shagang produced 31.39 million tonnes of pig iron, 38.34mt of crude steel and 36.93mt of steel products in 2017, up by 3.94%,15.3% and 13.5% respectively year-on-year. The Chinese domestic mislabelled steel clearance campaign helped Shagang save around CNY 1.16 billion ($182 mil…
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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