24
Jun
10:12
Liugang’s January-May profit catches 2020 total already
Chinese steel producers made significant gains in the first half of the year when steel prices soared. Guangxi Liuzhou Iron & Steel Group achieved a profit of CNY 5.5 billion ($850 million) in the first five months of this year, equalling full-year 2020 profit, Kallanish notes.
The steelmaker said its revenue in January-May was CNY 57 billion. It also spent CNY 1.4 billion on research and development, or around 2.45% of revenue.
At the Liuzhou steel prod…
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Anonymous
Very good overview of the weekly steel market.
Anonymous