16
Apr
07:12
Hangzhou Steel struggles to remain profitable in 2023
China-listed Hangzhou Iron & Steel (Hanggang) struggled to remain profitable in 2023. The ferrous industry faced a downtrend, and Hanggang outperformed its mainly loss-making peers, Kallanish notes.
In 2023, the company produced 1.116 million tonnes of coke, down 1.7% from a year earlier. Meanwhile, hot rolled coil production grew 1.8% to 4.523mt.
HRC sales volume also grew 2.1% on the prior year to 4.527mt, but the average selling price dropped 10.5% to CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous