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03 Feb
00:00

Several Chinese steelmakers predict 2014 losses despite better conditions

Several Chinese steelmakers are predicting significant net losses when they officially report their 2014 earnings. This is so even though iron ore prices fell faster than steel prices for most of last year and overall industry profitability improved significantly. The report support the view that the coming two years will see an increasing differentiation between those Chinese steelmakers with a long term future and those which can only survive on hand-outs, Kallan…
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