27
Jul
08:48
China’s steel sector registers gains in June
After a weak May, China’s ferrous smelting and rolling industry returned to profit as domestic steel prices rebounded from year-to-date lows to secure positive margins during the period, despite weak demand, Kallanish learns.
Total operating income across the industry declined 9.6% year-on-year to CNY 4.039 trillion ($566 billion) for the first half of 2023. This implies June operating income at CNY 672.3 billion, down 2.3% month-on-month and 18.1% y-o-y, ac…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous