09
Apr
10:04
Chonggang’s first-quarter profit exceeds full-year 2020
Chongqing Iron & Steel (Chonggang) reported net profit of CNY 112.2 million ($17m) in the first quarter, up from negligible income a year earlier, Kallanish notes from the firm’s announcement published on 9 April.
In order to realise operating income of CNY 34.5 billion for full-year 2021, Chonggang plans to produce 8.5 million tonnes of iron, 10mt of crude steel, and 9.58mt of finished steel. It will also sell the same amount of finished steel…
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Anonymous
Very good overview of the weekly steel market.
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