26
Aug
08:40
Shougang’s profit plummets despite higher production
Even though Shougang Group has achieved higher production in the first half, stable revenue and higher costs still squeezed the China-listed company’s net profit, Kallanish learns.
In H1, Shougang Qian’an company produced 4.172 million tonnes of iron, 4.402mt of crude steel and 4.194mt of finished steel, up 2.94% but down 0.4% and 1.4% on-year, respectively.
Meanwhile, Shougang Jingtang saw production of 7.119mt of iron, 7.706mt of crude steel and 7.2…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous