18
Apr
04:58
China's Sangang reveals 2017 steel margin details
South-eastern China’s Fujian province’s biggest steel company, the Sangang Group’s listed arm, has posted CNY 3.99 billion ($365 million) net attributable profits for 2017, up by 331% year-on-year, according to the Shenzhen Stock Exchange.
Sangang’s listed arm produced 6.52million tonnes of steel and 5.75mt of hot metal in 2017, respectively up by 4.41% and 0.98% year-on-year. The metallurgical business gross margin was 26.4%, an increase…
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Anonymous
Very good overview of the weekly steel market.
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