28
Feb
10:03
Chonggang returns to profit in 2017
China's Chongqing Iron & Steel (Chonggang) returned to profit in 2017 amid a restructuring by a Baowu-controlled steel industry development fund, Kallanish notes.
Chonggang reports that it produced 1.674 million tonnes of coke, 3.841mt of iron and 4.114mt of crude steel in 2017, up by 39.2%, 60.9% and 74.7% year-on-year respectively. The obvious boom in output was due to an improved financial situation after the restructuring. Cash shortages ha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous