19
Nov
00:00
Chinese mills remain under pressure but bankruptcies rare
Doomsayers’ expectations of a wave of bankruptcies in the industry remain confounded as local governments have continued to support troubled producers. The announcement over the weekend that the long-idled Haixin Iron and Steel is to be restructured with a view to repaying its creditors does not appear to mark the start of a widespread collapse, Kallanish reports.
Chinese steel mills remain under severe pressure, China Iron and Steel Association vice s…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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