28
Aug
10:30
Chinese steel sector profit falls in July
China’s ferrous smelting and rolling industry saw turnover rise slowly in July this year thanks to recovering steel prices, but profits fell as margins were squeezed by higher raw materials, Kallanish learns.
Accumulated operating income in the first seven months of the year now stands at CNY 4.735 trillion ($649 billion), with an on-year drop of 7.6%. This implies July operating income at CNY 695.59 billion, an increase of 3.5% on-month and 3.7% on-year, ac…
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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