03
Jun
07:37
Jiugang sees loss in the first-quarter
According to the official announcement of Jiuquan Iron and Steel Group, the group saw a loss of CNY 453 million ($63.73 million) in the first quarter of 2020. Its late 2019 reports also showed that the steel mill lost CNY 538 million in 2019, Kallanish notes.
In the first quarter of 2020, Jiuquan Steel's operating revenue increased by 20.15% year-on-year to CNY 25 billion. The production costs meanwhile reached CNY 25.45 billion. The steelm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous