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Daily Steel News
Courtesy of SteelOrbis
Sandvik posts increase in net profit for January-September
In the first nine months of this year, Sandvik posted a net profit of SEK 3.62 billion ($406.08 million), rising 53 percent year on year.
Baosteel posts net profit of RMB 5.598 billion for January-September
Chinese steelmaker Baosteel has posted a net profit of RMB 5.598 billion for January-September this year, up 148.33 percent year on year.
Average HRB 400 rebar price in China increases in mid-October
In mid-October, the average price in China of 16-25 mm HRB 400 rebar was RMB 2,554.7/mt ($377.3/mt), up 3.8% from early October.
Taigang Stainless Steel’s operating revenue down 23.1% in Jan-Sept
Chinese stainless producer Taigang Stainless Steel saw an operating revenue of RMB 39.986 billion in January-September this year, down 23.1% y-o-y.
CISA mills' average daily crude steel output up 1.28% in early October
In early October, average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.7429 million mt.