31
Jan
09:39
Bengang expects increased production, lower profit for 2018
Major Chinese steelmaker Benxi Iron & Steel Group (Bengang) intends to increase its steel output in 2018, Kallanish notes. It does not however see its profits increasing likewise for the year.
The steelmaker aims to produce 7.88 million tonnes of iron ore concentrates, 16.85mt of hot metal, and 17.04mt of crude steel this year. Last year, it reported 15.77mt of crude steel output, or 9.5% more year-on-year.
Bengang’s listed company signall…
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Anonymous
Very good overview of the weekly steel market.
Anonymous