08
May
01:53
Chonggang’s first-quarter profit falls further
Chongqing Iron & Steel (Chonggang) in southwest China saw profit decline further during the first quarter of 2020. Although the company attempted to boost production efficiency, falling prices and increased expenses dragged on profits, Kallanish notes.
In Q1 Chonggang produced 1.51 million tonnes of iron, 1.64mt crude steel and 1.58mt finished steel, up by 1.92%, 4.6% and 6.02% year-on-year respectively. Through improving its materials…
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Anonymous
Very good overview of the weekly steel market.
Anonymous