19
Aug
06:07
Sangang Minguang’s first-half profit plummets
China-listed Sangang Minguang reported a decrease in first-half-year income due to weak demand, while gross margin suffered owing to high raw materials prices and falling steel values, according to the company’s H1 report.
In H1, Sangang Minguang produced 4.51 million tonnes of iron, 5.37mt of crude steel, and 5.25mt of finished steel, respectively dropping 12.7%, 12.5% and 6.4% from the same period in 2021, Kallanish notes.
Lower production and sales thus …
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Anonymous
Very good overview of the weekly steel market.
Anonymous