02
Feb
00:16
Chinese listed steelmakers forecast huge losses for 2022
Chinese listed steelmakers have successively announced their annual expected losses for 2022 after a year of suffering, Kallanish notes. The main driver was shrinking profit margins resulting from low steel prices and high raw materials prices.
It is worth noting that Xining Special Steel recorded huge losses for the second year in a row, but its loss was lower than that in 2021.
1. China's listed steel companies forecasting annual losses
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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