30
Aug
03:48
Chinese ferrous industry faces huge loss in July
Due to sluggish demand and great cost pressure, the decline in earnings of the Chinese ferrous metal smelting and rolling industry accelerated in July, according to the National Bureau of Statistics.
In the reporting month, the industry’s operating income totaled CNY 670.82 billion ($97 billion), down 18.25% month-on-month and 19.71% year-on-year. Total revenue over January-July thus came to CNY 5.25 trillion, a y-o-y decrease of 6%, Kallanish note…
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Anonymous
Very good overview of the weekly steel market.
Anonymous