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Ups and downs for Chinese steelmakers

Liuzhou Iron and Steel Company sold 1Mt of steel products in October and earned itself a tidy profit of 216 million yuan (US$35 million), up 129 million yuan (US$21 million) from the same period last year. While Shagang attributes its ...

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China steel firm takes controlling stake in Swiss trader Duferco

China’s Hebei Iron and Steel Group Co has signed an agreement to raise its stake in Swiss-based Duferco International Trading Holding (DITH) to 51 percent, in a move aimed at boosting the state-owned conglomerate’s ability to sell steel overseas. Hebei had already ...

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