26
Apr
08:20
Anyang's revenue stabilises but profit turns to loss
Anyang Steel in northern China's Henan province saw its revenue remain steady in the first quarter of 2020, but profit turned to loss as steel prices fell, Kallanish notes.
Anyang produced 1.53 million tonnes of finished steel and sold 1.47mt, both increased compared with the 1.15mt of production and 1.32mt of sales in Q1 last year. Production jumped despite the coronavirus impact, but steel prices were weaker. In Q1, the average sales price of …
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Anonymous
Very good overview of the weekly steel market.
Anonymous