04
Dec
09:02
China touts same old policies to save steel
China’s lower economic growth and steel demand is here to stay, according to Xu Zhaoyuan of the Development Research Centre of China (DRC). In order to improve the state of the steel sector it will continue to rely on two key existing policies: controls on capacity and a stricter environmental policy, Kallanish notes.
XU notes that the profit ratio of sales has fallen to 0.4% in 2015 from a peak of 8% in 2004, while almost a third of enterprises …
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Anonymous
Very good overview of the weekly steel market.
Anonymous