15
Apr
11:29
Shaogang Songshan sees limited 2021 profit growth
Despite surging operating income because of higher steel shipments and prices, China-listed Shaoguan Iron & Steel (Shaogang) Songshan’s net profit remained stable on-year in 2021, Kallanish notes.
In the reporting year, Shaogang Songshan, a Baowu subsidiary, produced 6.61 million tonnes of iron and 8.02mt of crude steel, hiking only 1.4% and remaining stable respectively from a year earlier. Finished steel output and sales, meanwhile, rose 2.3% and 8.6% …
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Anonymous
Very good overview of the weekly steel market.
Anonymous