20
Mar
06:20
Shangang's revenue increases but profits slump in 2019
The listed arm of Shandong Iron & Steel (Shangang) published its 2019 annual report on 19 March confirming a rise in revenue but a sharp decline in profits. Shangang says that the decline in profits was mainly affected by lower steel prices and rising raw material prices, and that China's steel industry will continue its downward trend in 2020, Kallanish notes.
The steelmaker says that its main targets for 2020 are to produce 13.7 million tonnes …
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Anonymous
Very good overview of the weekly steel market.
Anonymous