17
Mar
02:24
Nangang profits climb in first two months
Although China’s Nanjing Iron & Steel (Nangang) produced less during January and February, its operating revenue and profit increased on-year, according to Nanjing local media.
For the first two months of 2020, Nangang reports operating revenue of CNY 22.6 billion ($3.23 billion), an increase of 6% year-on-year, Kallanish notes. Its total profit meanwhile was up 30% y-o-y to CNY 660 million. During February, Nangang delivered over 85,000 tonnes of p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous