09
Feb
05:55
Taigang returns to profit in 2016
China's Taiyuan Iron & Steel (Taigang) has returned to profit, earning CNY 1.29 billion (187.39 million), while keeping output roughly level. According to Taigang, its new products, cost reduction and soaring steel prices backed by supply-side reform were responsible for the improvement, Kallanish notes.
In 2016, Taigang cut CNY 1.58 billion of steelmaking costs, it says. It estimated in November last year that its annual stainless steel output coul…
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Anonymous
Very good overview of the weekly steel market.
Anonymous