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17 Jan
05:04

Tisco 2017 performance hits ten-year high

Taiyuan Iron & Steel (Tisco) estimates that it produced 10.5 million tonnes of crude steel last year, of which 4.13mt was stainless steel. It achieved CNY 8.1 billion ($1.26 billion) in sales revenue and CNY 4.3 billion in profits in 2017, its best performance over the last ten years, Kallanish notes. Tisco attributes the profit increase to product restructuring, supply-side reform and national policies such as ‘one belt one road’ and &…
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