30
Mar
11:07
China’s steel sector profits slump through February
China’s ferrous metal smelting and rolling industry has seen a huge decline in two-month profits through February, Kallanish notes
The industry’s profits over January-February fell 56.5% year-on-year to CNY 20.19 billion ($3.18 billion). Meanwhile, operating revenue came to CNY 1.28 trillion, rising 3.6% from the same period in 2021.
In the given period, the ferrous mining industry saw revenue of CNY 73.26 billion and profit of CNY 12.6 billion, …
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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