28
Nov
07:05
Chinese steel sector profit recovers on-year
In October this year, falling margins due to surging raw materials squeezed profits in China’s ferrous smelting and rolling industry. However, year-to-date profit of the sector saw an on-year increase for the first time this year due to a low base, Kallanish learns.
Steel prices fluctuated at relatively low levels in October, so transactions were not severely impacted. October operating income of the industry came to CNY 728.07 billion ($102.3 billion), up 1…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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