13
Jun
06:48
Shangang profit grows despite pressures
Shandong Iron & Steel Group (Shangang) earned operating revenue of CNY 54.4 billion ($7.87 billion) in January-April, up 23% year-on-year. Total profit rose by 25% to CNY 1.36 billion, amid falling steel industry profitability, Kallanish notes.
In the first quarter, meanwhile, Shangang produced 495,900 tonnes of sections, 416,500t of bar products, 682,800t of rebar and 706,200t of coils. It also added new products to its portfolio. It successfully …
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Anonymous
Very good overview of the weekly steel market.
Anonymous