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29 Jan
05:16

Jianlong targets 26mt crude steel output in 2018

Beijing Jianlong Heavy Industry Group produced 20.36 million tonnes of crude steel and 4.32mt of iron ore fines in 2017, with crude steel output surging around 23.1% year-on-year. The full recovery of Shanxi Jianlong and the recent acquisition of Fushun Xin Special Steel contributed a lot to the growth, Kallanish notes. Last year Jianlong achieved CNY 84.293 billion ($13.34 billion) in sales revenue and CNY 3.983 in net profits. This year the group is …
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