20
Oct
04:19
Shanxi Jianlong turns a profit over January-August.
Northwest China’s Shanxi Jianlong Iron & Steel, previously the bankrupt Haixin Iron & Steel, has achieved CNY 6.619 billion ($999.8 million) in sales revenue and CNY 888 million in profits over January to August. Of the previous 8,000 Haixin employees, Shanxi Jianlong has called back more than 5,600 to resume working in the mill, Kallanish notes.
Beijing Jianlong has also just announced it will take over three special steel mills from the heav…
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Anonymous
Very good overview of the weekly steel market.
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