30
Oct
02:39
Shougang profits decline in third quarter
Shougang’s third-quarter operating revenue was higher than the last year, but profits still fell, according to the Chinese steelmaker’s recent report monitored by Kallanish.
The company sold 4.3 million tonnes of finished steel in the third quarter, realising profit of CNY 81/tonne ($11.5/t) on average. That was down CNY 135/t quarter-on-quarter, with hot and cold rolled coils dropping by CNY 280/t and CNY 150/t q-o-q respectively, according to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous