26
Apr
07:32
Wugang profits slump in first quarter 2016
China’s Wuhan Iron & Steel (Wugang) saw costs rise while revenues and profits both tumbled in the first quarter of 2016 according to its quarterly report monitored by Kallanish.
The steelmaker's average selling price for hot rolled coil fell -25.86% y-o-y to CNY 2,241/tonne ($346/t), and its average cold rolled coil selling price also reduced 25.19% y-o-y to CNY 3,454/t. The spot market price of 5.5mm Q235B HRC in Shanghai was down 20.25% to averag…
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Anonymous
Very good overview of the weekly steel market.
Anonymous