31
Aug
06:42
Chonggang loses $267m in H1
Chongqing Iron and Steel (Chonggang) suffered a net loss of CNY 1.79 billion ($267.99 million) in the first half of the year, and is preparing to dismiss another 2,500 workers.
A growing number of Chinese steelmakers are turning losses into gains (see Kallanish 22 August) but Chonggang continues to struggle.
Chonggang's net loss was still an improvement on the CNY 2.228 billion it lost a year earlier, according to its H1 report. In the first six…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous