12
Jan
00:00
China's Bengang revenues hit Yuan 111bn
Northern China’s Benxi Iron and Steel Group (Bengang) says it achieved revenues of Yuan 111 billion ($18.11bn) in 2014 despite falling steel prices. It did not say how much profit it had earned, Kallanish notes.
Much of the increase may have been due to rising flat product output and exports. Bengang’s Shenzhen-listed subsidiary, Bengang Steel Plates, saw hot rolled coil output in the first half of last year jump almost 18% y-on-y to 5.75 million…
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Anonymous
Very good overview of the weekly steel market.
Anonymous