27
Oct
09:26
Chinese steel sector’s gains slow in September
In September, China’s ferrous smelting and rolling industry saw turnover rise slowly month-on-month for the third month in a row, but profits fell because of raw materials hikes, Kallanish learns.
September operating income of the sector stood at CNY 716.77 billion ($98.03 billion), up 2.2% on-month and 2.5% on-year, according to the National Bureau of Statistics (NBS). Meanwhile, the industry registered operating profit of CNY 8 billion, down 18.6% over Aug…
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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