07
Jan
03:27
Shangang reports on 2019 performance
Against a background of the Chinese steel industry facing declining profits in 2019, Shandong Iron and Steel (Shangang) estimates that it realised operating revenue of CNY 180 billion ($25.84 billion). It also generated total profits of CNY 5.7 billion according to a speech by its ceo, Jun Hou, on 4 January, Kallanish notes.
The whole group produced an estimated 25.85 million tonnes of iron, 27.2mt of steel and 26.89mt of finished steel in 2019. Dur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous