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09 Mar
09:45

Chinese steelmaker profits soar over Jan-Feb

Chinese steelmakers’ profits have been high so far in 2017, and margins per tonne are much better than last year for major steelmakers. Futures Daily estimates northern Chinese steelmakers were enjoying in late February profits of CNY 500-600/tonne, Kallanish notes. Eastern China's Fujian Sangang Group produced 1.75 million tonnes of steel over January-February, achieving CNY 7.74 billion ($1.12 billion) in operating revenue and CNY…
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