02
Jan
06:15
Chinese steel sector profit skyrockets in November
The Chinese steel industry saw its profit skyrocket in November last year after a sluggish October. This benefited greatly from steel prices rebounding to nearly seven-month highs, Kallanish learns.
Total revenue of the industry over January-November was CNY 7.63 trillion ($1.07 trillion), which is only 2.3% lower than the same period of 2022 compared with a 9.6% decrease over January-June. This implies November income at CNY 749.57 billion, hiking 3% over October…
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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