26
Apr
05:20
Anyang production restrictions lead to first quarter loss
China's Anyang Iron & Steel has reported a net loss of CNY 200.6m ($29.13m) in the first quarter of 2017, deepening the losses seen in Q1 2016 despite most steelmakers enjoying healthy margins. Anyang has blamed the loss on frequent steel production restrictions due to environmental problems, which prevented efficient operation and slashed output, Kallanish notes.
According to the announcement Anyang's Q1 production was seriously influenced…
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Anonymous
Very good overview of the weekly steel market.
Anonymous