16
Apr
04:54
Shangang's first-quarter results jump despite Covid-19 impact
Shandong Iron & Steel Group saw strong growth in the first quarter of 2020, despite Covid-19's major impact on the economy, Kallanish notes.
According to internal documents partially released to the media, Shangang's operating income saw a growth of around CNY 2.6 billion ($367 million), or 6.66% year-on-year.
The group produced 7.02 million tonnes of iron, 7.37mt of crude steel and 7mt of finished steel in Q1, up 27.12%, 28.58% and 28.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous