24
Apr
04:13
Shougang posts profit decline in 2019
The subsidiaries of China’s Shougang Group reoprted production increases through 2019. However, group profit was hit by an imbalanced steel market in 2019, Kallanish notes.
Its Qian'an Steel (Qiangang) subsidiary produced 7.71 million tonnes of iron, 8.1mt of crude steel and 7.79mt of finished steel including 1.81mt from its cold rolling subsidiary and 1.81mt from its Zhixin subsidiary. Qiangang's production rose by 11.9%, 9.3% and 11.1% ye…
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Anonymous
Very good overview of the weekly steel market.
Anonymous