31
Aug
03:19
Angang reports huge losses for first half
Angang Steel Company Limited, the major listed body of China’s second largest steelmaker Angang Group, on Thursday reported huge losses for the first half of the year despite relatively stable production and sales, according to its exchange filing.
During the reporting period, Angang produced 13.22 million tonnes of iron and 13.83mt of crude steel, which hiked just 0.72% and 2.44% year-on-year, respectively, Kallanish notes.
Meanwhile, half-year production …
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Anonymous
Very good overview of the weekly steel market.
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