05
Feb
08:05
Shangang exceeds 30mt crude steel output
Crude steel and finished steel output at Shandong Iron & Steel Group (Shangang) exceeded 30 million tonnes in 2020 for the first time in its history, with above-average growth rates.
Shangang produced 29.05mt of iron, 31.11mt of crude steel and 30.9mt of finished steel, up 11%, 12.83% and 15.89%, respectively, Kallanish notes.
Shangang meanwhile reported 13.7% and 33.63% increases in annual operating income and total profit, respectively, to CNY 208 bill…
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Anonymous
Very good overview of the weekly steel market.
Anonymous