05
Mar
03:51
Linggang expects tougher market in 2019
Lingyuan Iron & Steel (Linggang) recently reported to the Shanghai Stock Exchange (SSE) that the its iron, crude steel and finished steel production in 2018 increased year-on-year, achieving its annual targets. Net profit fell slightly however, partly because of the withdrawal of subsidies, Kallanish notes.
Linggang's planned steel output in 2019 is 5.6 million tonnes, and its operating income is expected to reach more than CNY 18.5 billion ($2.76 b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous