22
Mar
06:23
Two Chinese e-commerce firms see profits in 2016
Chinese major e-commerce steel platforms Steelbank and Zhaogang have both turned losses into gains in 2016, according to the Economy Daily. Last year Zhaogang sold 13 million tonnes of steel products in total, while Steelbank sold 14.55mt of steel products over Q1-Q3 2016, Kallanish notes.
Wang Dong the chief executive officer of Zhaogang says last year the platform achieved CNY 36 billion ($5.22 billion) in operating revenue, and the estimated net profit is mor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous