28
Aug
05:45
HBIS boosts production but profit slumps
The listed company of Hebei Iron and Steel Group (HBIS) has released its semi-annual report. Although its production increased, profit still fell in line with the steel industry downtrend, Kallanish notes.
During the past half-year, HBIS produced 14.1 million tonnes of iron, 14.03mt of steel and 13.26mt of steel products, respectively rising by 18.2%, 14.9% and 13.4% year-on-year. With more production, however, margins decreased. HBIS realise…
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Anonymous
Very good overview of the weekly steel market.
Anonymous