31
Mar
11:54
Three Chinese steel enterprises report surging earnings
China-listed Chongqing Iron & Steel, Fushun Special Steel and Angang Steel Company have released their annual reports for 2021, unveiling surging earnings amid strong markets, Kallanish notes.
Chongqing Steel’s iron and finished steel output have both hit record highs, rising 5.74% year-on-year to 6.74 million tonnes and 5.59% to 7.16mt respectively. Meanwhile, the company produced 7.12mt of crude steel with a rise of around 1.7%.
Contrary to the overal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous