25
Aug
06:29
Shagang sees profits jump in July
Jiangsu Shagang Group achieved CNY 1.42 billion ($213.17 million) in profit in July alone, equivalent to 24.23% of Shagang's total first half profits, according to a published announcement. Over January to July Shagang produced 17.8 million tonnes of iron, 21.11mt of crude steel and 20.71mt of steel products, up by 0.62%, 9.4% and 9.5% year-on-year respectively, Kallanish notes.
In the first half year Shagang Group earned CNY 111.6 billion in sales…
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Anonymous
Very good overview of the weekly steel market.
Anonymous