30
Apr
05:00
HBIS recovers in 2018 despite environmental restrictions
According to the annual report of the Hebei Iron and Steel Group (HBIS, Hegang) for 2018, group profits improved and the production of steel products also increased, Kallanish notes.
HBIS realised revenue of CNY 120.96 billion ($17.95 billion), an increase of 11% year-on-year while its net attributable profit rose by 99.6% y-o-y to CNY 3.63 billion. Its operating performance in the first quarter of 2019 meanwhile was also strong. Revenue increased by 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous