27
Aug
07:56
Chinese steelmakers enjoy soaring profits in H1
Thanks to strong steel demand and rising prices, more China-listed steelmakers reported surging profits in the first half of this year, Kallanish reports.
Baotou Steel Union, the listed arm of Baotou Iron and Steel Group, has achieved a 32-fold increase in half-year profit of CNY 2.76 billion ($425.7 million), on an operating income of CNY 39.44 billion, up 41.09% year-on-year. Its production of iron, steel and finished steel meanwhile reached 7.17 million tonnes.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous