29
Jun
08:45
Jingye: steelmakers must prepare for five-year losses
Hebei-based Jingye Group chairman Li Ganpo said at an internal meeting last week that Chinese steelmakers need to prepare cash flow to deal with coming industry turmoil.
"At present, the steel industry has entered a loss, and it has to wait for 30% of the steel enterprises to close down before the steel industry can enter a state of breakeven and normal operation," Li observed. Over the next five years, the steel industry will undergo a ma…
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