27
Apr
09:57
Chonggang returns to profit in first quarter
Chongqing Iron and Steel (Chonggang) has reported CNY 5.15 billion ($817.46 million) in operating revenue in the first quarter of 2018, up 211% year-on-year. The steelmaker has turned previous losses into a profit of CNY 315 million, it confirms in a report to the Shanghai Stock Exchange.
According to the Chonggang business plan for 2018, the steelmaker plans to achieve 5.39 million tonnes of iron production and 6mt of steel production. In 2017, t…
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Anonymous
Very good overview of the weekly steel market.
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