06
Mar
08:55
China's Sangang to invest in electricity retail
Eastern Chinese steelmaker Fujian Sangang Group plans to invest in its electricity sales business, according to an announcement by its listed arm Sangang Minguang. Electricity costs account for around 10-15% of steelmaking costs, more for special steel and electric arc furnaces. But the company has focussed on surplus electricity production to turn its efficiency into additional revenue, Kallanish notes.
Sangang Group produced 10.38 million tonnes of c…
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Anonymous
Very good overview of the weekly steel market.
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