15
Apr
02:35
Liugang sees profit drop in 2019
Liugang's latest annual report for 2019 shows that its revenue increased slightly but profits slumped in a difficult time for the steel market, Kallanish notes.
During 2019, Liugang produced in total 12.46 million tonnes of iron, 13.67mt of crude steel and 8.09mt of finished steel, up by 2.52%, 4.5% and 5.69% year-on-year respectively. Sales volumes of 13.63mt were achieved including sections, semis and flats. The company’s gross margin for per tonne of …
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Anonymous
Very good overview of the weekly steel market.
Anonymous