[China Xuyang Group: continuous performance in 2021 is expected to continue] on March 25, China Xuyang Group released its annual results for 2021. According to the data, the performance of Xuyang Group continued to improve in 2021, with operating income of 38.43 billion yuan, an increase of about 94.2% over the same period last year, a net profit of 2.613 billion yuan, an increase of 58.1% over the same period last year, and the coke business was the largest source of income, accounting for 41.4% of the total income.
SHANGHAI, May 10 (SMM) – A roundup of headlines across the ferrous sector of the week.
1. Tangshan to import 12,000 mt of recycled steel in May
As of the end of April, Shougang Jingtang, China Minmetals and other companies have imported a total of 11,000 mt of recycled steel from Caofeidian Port. Delong Group, Jingye Group, and China State Shipbuilding Corporation imported 12,000 mt of recycled steel from Jingtang Port. Customs department estimated that Caofeidian Port and Jingtang Port will import 4 ships of recycled steel, with a total volume of 12,000 mt, in May, as tariffs on some steel products have been adjusted from on May 1. Many steel and steel-related enterprises in Tangshan have been focusing on ultra-low emissions and seeking low-carbon solutions this year and have imported recycled steel raw materials from South Korea and Japan due to the implementation of the Recycled Steel Raw Materials on January 1.