29
Sep
11:03
China’s ferrous sector profit growth slows
Profit growth in China’s ferrous metal smelting and rolling industry slowed in January-August compared to January-July as steel prices declined over the summer. Eight-month profit of CNY 296.74 billion ($45.88 billion) was up 155.6%, slowing from the 181.6% growth registered for January-July.
The industry’s revenue meanwhile stood at CNY 6.4 trillion in the reporting period, up 43.3% from January-August 2020, Kallanish notes from data released by …
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Anonymous
Very good overview of the weekly steel market.
Anonymous