16
Apr
04:43
Shagang net profit soars in 2017
China’s biggest private steel producer Jiangsu Shagang Group has released its 2017 steel business operating details through its listed arm (see tables below). It reports CNY 704.8 million ($112.1m) in net attributable profit and 3.07 million tonnes of steel output in 2017, up by 220.38% and 3.35% respectively year-on-year.
The whole Shagang group produced 38.35mt of crude steel last year, up 15.3% from 2016. It attributes the profit increase to c…
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Anonymous
Very good overview of the weekly steel market.
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