13
Feb
08:09
China's Sangang posts record profits in 2017
South-eastern China's state-owned steelmaker Fujian Sangang Group is one of the latest companies to have reported surging sales and ballooning profit for calendar 2017, Kallanish notes.
Sangang has posted CNY 51.06 billion in sales revenue and CNY 8.27 billion in profits in 2017, respectively up by 71.1% and 574% year-on-year. The profit figure is a best-ever since the plant was established. Cost cutting and recovering steel prices are the main reasons …
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Anonymous
Very good overview of the weekly steel market.
Anonymous