28
Jul
04:29
Chinese ferrous sector profit decline accelerates
Although the scope of China's Covid lockdowns was reduced in June, the economic impact and falling steel demand once again suppressed revenues and profits in the ferrous metal smelting and rolling industry that month, according to the National Bureau of Statistics.
Bidding a goodbye to a month-on-month rebound in May, June operating income was down 4.56% m-o-m and 5.2% year-on-year to CNY 820.61 billion ($122 billion). This dragged half-year income t…
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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