31
May
12:25
Chinese ferrous sector’s April profits take a hit
China’s ferrous metal smelting and rolling industry has seen a huge decline in four-month profits through April due to falling revenue and rising costs, but the ferrous mining sector was more stable, according to data from the National Bureau of Statistics.
Monthly revenue of the steel sector totalled CNY 807.12 billion ($121 billion) in April, down 0.05% from March and 9.33% year-on-year, Kallanish notes. Profits, meanwhile, were up 7.62% month-on-month but…
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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