31
Oct
00:00
Steelmakers' financial costs continue to soar
The fall in iron ore costs is masking an increase in financial costs at China’s steelmakers, according to a report from local economic daily First Financial. While steelmakers with soaring financial costs are boosting profits as ore prices fall, other sectors such as coal are seeing the cost of borrowing severely impacting results. This should be viewed as a warning signal for the steel industry, the report suggests.
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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