27
Apr
07:49
Chongqing Steel, Shagang report falling Q1 earnings
China-listed Chongqing Iron & Steel and Shagang Group have reported falling net profit for the first quarter this year, due to less trading volume, Kallanish learns.
In Q1, Chongqing Steel produced 1.83 million tonnes of steel products including 1.15mt of HRC, 21.67% and 3.83% lower than one year ago. 1.84mt of steel products were sold in the meantime, a decline of 20.45%. Average realised prices however rose 8.36% to CNY 4,509/tonne ($688/t).
The d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous