[Ferro-Alloys.com]The output value of Qinghai Huatie Metal Limited in 2014 totaled 736.462 million yuan, with an year-on-year increase of 1.45%. Meanwhile, the company still faced the inventory problem and capital pressure.
[Ferro-Alloys.com]The output value of Qinghai Huatie Metal Limited in 2014 totaled 736.462 million yuan, with an year-on-year increase of 1.45%. Meanwhile, the company still faced the inventory problem and capital pressure.
According to the report of Jien Nickel, the company would loss RMB350-500million in 2014. In 2013, Jien Nickel gained RMB98.54million and the adjusted net profit was RMB80.51million.
Sakura Ferroalloys SDN BHD is a joint venture between mining house, Assmang Limited (South Africa), trading giant, Sumitomo Corporation (Japan) and manufacturer, China Steel Corporation (Taiwan).
HSBC said, restricted by the supply, nickel market prediction was seen optimistic. The bank expected that in 2016 the nickel price would increase to USD22000/mt while in 2017 it would decline to USD21000/mt along with the commissioning of the ferronickel proje...