23
Mar
10:19
Nangang, Shandong Steel report surging 2021 earnings
China-listed Nanjing Iron & Steel (Nangang) and Shandong Iron & Steel reported surging annual earnings in 2021 amid strong markets, Kallanish observes.
In 2021, Nangang produced 10.4 million tonnes of finished steel, a rise of 5.66% year-on-year, of which 51%, 29% and 20% were special flats, long special steels and rebar for the construction sector, respectively. Sales volumes were only 500t higher than total output.
Nangang meanwhile reported an ope…
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Anonymous
Very good overview of the weekly steel market.
Anonymous