20
Oct
05:56
China's steel industry profits double over January-August
China's steel industry profits reached CNY 203.5 billion ($30.74 billion) in the first eight months of 2017, up 106.9% year-on-year, minister of industry and technology Miao Xu revealed in a late-night briefing on 19 October. Over the same period, profits at China's major steelmakers soared by 374.4% y-o-y, Kallanish notes.
Miao says by the end of August China had completed its goal for the year of cutting 50 million tonnes/year of steelmaking capacity. …
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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