16
Aug
02:13
Liugang improves performance quarter-on-quarter
Liuzhou Iron & Steel (Liugang) has released its half-year report. Although profit slid year-on-year in the second quarter, the performance was better than in Q1 2019, Kallanish notes.
During the first-half year, the higher price of iron ore lifted costs by 4.65% y-o-y. Research and other expenses also increased. Q2 steel inventories also rose and pressure on steel prices grew. The company managed to compete against imports into Guangxi from other region…
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Anonymous
Very good overview of the weekly steel market.
Anonymous