04
Jun
07:46
Shougang Shuigang plans new coking project
Shuicheng Iron & Steel (Shuigang), a subsidiary of China Shougang, plans to build a new coking project, with a total investment of CNY 4.79 billion ($748 million), Kallanish notes.
The first phase, with investment of CNY 2.23 billion, will build two coke ovens to reach an annual output of 1.6 million tonnes of coke, and 682 million cubic metres of gas. It estimates this will achieve annual revenue of CNY 3.2 billion and net profit of CNY 320m.
The …
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Very good overview of the weekly steel market.
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