27
Jul
04:57
Liugang profits soar in first half 2017
Southwestern China’s Liuzhou Iron & Steel (Liugang) earned CNY 511 million ($75.63m) in profit over January to June, an increase of 116% year-on-year. It sold around 7.26 million tonnes of steel products during the period.
Liugang says the profit increase comes from CNY 890m of cost cutting and market development. However the exceptionally strong longs prices in H1 following the closure of induction furnace capacity, has clearly also helped, …
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Anonymous
Very good overview of the weekly steel market.
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