22
Mar
07:43
Rizhao overtakes Shagang in 2017 steel exports' stakes
China’s Rizhao Iron & Steel saw its steel product exports surge by 39% last year to 4.636 million tonnes. It has overtaken Shagang’s 4.15mt to become the top exporting Chinese steel mill from data published so far, Kallanish notes.
In 2017 Rizhao earned over CNY 68 billion ($10.74 billion) in sales revenue and produced 14.98mt of crude steel, respectively up by 73.3% and 8.1% year-on-year. The company attributes both the sales increase…
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Anonymous
Very good overview of the weekly steel market.
Anonymous