Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Chongqing Iron and Steel H1 Profit Down By 19%

Steel News - Published on Tue, 13 Aug 2019

Image Source: Yicai
Chongqing Iron and Steel Group realized a total profit of 617 million yuan in the first half of the year, down 19.09% from the same period last year. The main reasons are: the comprehensive sales price of steel was 3510 yuan per tonne, down 1.76% from the same period last year, and the profit was reduced by 198 million yuan.

The prices of raw fuels such as ore, coal, alloy, and scrap steel rose by 367 million yuan; the sales volume of steel was 3.1322 million tons, an increase of 6.41% over the same period last year, and the profit increased by 82 million yuan; the company continued to push forward the cost reduction plan, and the process cost fell by 337 million yuan compared with the same period last year.

Source :

Posted By : Ratan Singh on Tue, 13 Aug 2019
Related News from Steel segment