19
Apr
07:24
Beiman Special Steel returns to profit following takeover
North-eastern China’s Beiman Special Steel has been in production since November 2017 after having been acquired by the Jianlong Group. Over January to March 2018 it produced 242,300 tonnes of steel and 238,700t of steel products, respectively up by 520% and 544% year-on-year.
In March, four months after the takeover, it officially returned to profit by achieving profits of CNY 3.26 million ($518,735), Kallanish notes. Jianlong cha…
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Anonymous
Very good overview of the weekly steel market.
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