29
Apr
07:54
China’s steel industry suffers in March
In March this year, China’s steel industry continued to suffer in huge losses in line with slumping margins resulting from plummeting steel prices, according to data from the National Bureau of Statistics (NBS).
In the first quarter of the year, the industry registered an operating income of CNY 1.91 trillion ($264 billion), down just 2.8% from a year earlier. Meanwhile, net losses came to CNY 21.36 billion, 4.4 times that in the same period of 2023, Kallani…
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Anonymous
Very good overview of the weekly steel market.
Anonymous