29
Mar
03:34
China’s ferrous industry turns to loss
China’s ferrous industry turned to losses at the beginning of 2023, after a month of gains in December last year, according to the National Bureau of Statistics (NBS).
The operating income of the whole industry totalled CNY 1.19 trillion ($173 billion) in the first two months of the year, down 6% year-on-year, Kallanish notes.
However, the industry registered a loss of CNY 10.1 billion over January-February, compared with a profit of CNY 20.19 billion a yea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous