31
Jan
08:16
China’s ferrous industry suffers in 2022
China’s steel industry has experienced a difficult 2022 alongside a huge decrease in annual profits, although December has shown some improvements, Kallanish observes.
The total operating income of the ferrous sector in the reporting year reached over CNY 8.71 trillion ($1.29 trillion), down 9.8% on-year, according to the National Bureau of Statistics (NBS) data. This implied an operating income of CNY 731.04 billion in December, 7.6% higher than November bu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous