30
Jun
09:52
Chinese steelmakers’ profits plummet through May
According to data from China’s National Bureau of Statistics, ferrous metal smelting and rolling industry profits fell -57.2% year-on-year from January to May 2020, Kallanish notes.
In the first five months of this year, the industry achieved sales revenue of CNY 2,549.95 billion ($52.95 billion) with a decrease of -6% y-o-y, and realised profits of CNY 49.33 billion, down -57.2% y-o-y. The ferrous mining industry, however, saw sales revenue of&nbs…
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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