Date
23 October 2017

Shanxi reports coal, coking, steel losses in Jan-Sept, CNS says

Fourty-eight percent of the coal companies in Shanxi province reported a combined net loss of 13.38 billion yuan (US$2.2 billion) for the nine months to September, China News Service reported Monday, citing information from the provincial statistics bureau. Meanwhile, 74.6 percent of the coking companies in the province reported a combined net loss of 6.73 billion yuan for the period, while 41.6 percent of the black metal smelting firms there saw a combined net loss of 3.27 billion yuan, the report said. The utilization rate of coking production capacity in the province is lower than 70 percent, Zhang Gangfeng, general manager of Shanxi Coking Group Co. Ltd., was quoted as saying.

– Contact HKEJ at [email protected]

EL/AC/CG

 

 

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