10
Apr
02:31
Hanggang sees profit decline in 2019
China’s Hangzhou Iron & Steel (Hanggang) released its 2019 annual report on 8 April. Although the company saw profits decline in 2019, it developed more high-end steel products and improved its cost competitiveness, Kallanish notes.
The company had targeted production of 4.24 million tonnes of iron, 4.4mt of slabs and 4.25mt of hot rolled coil for 2019. It actually produced 4.1mt of iron, 4.33mt of slab and 4.32mt of coil. It says that th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous