20
Aug
01:00
Eight Chinese mills take $41 million in subsidies in H1
Eight major Chinese steelmakers which have released their reports for the first half of 2014 have received Yuan 250 million ($41m) in government grants, accounting for 25.8% of their combined net profits, reports the 21st Century Business Herald. Of these mills, Hunan Valin is of particular concern as government grants were more than four times its net profit, Kallanish observes.
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous