17
Jun
06:22
Wugang aims to develop steel business says ceo
China’s Wuhan Iron & Steel wants to focus on and develop its steel industry, while reducing staff and promoting production efficiency, said Wugang ceo Ma Guoqiang at the annual shareholders' meeting on 16 June. That goal is being complicated however because non-steel sectors have helped to offset steelmaking losses, and issues with layoffs of front-line workers threaten production problems, Kallanish notes.
Wugang lost CNY 885 million ($834m) in to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous