18
Feb
09:14
One third of steelmakers unprofitable, says Shen Wenrong
Shen Wenrong, chairman of Shagang, expects crude steel production in China will continue to grow in 2019. At the same time, he also believes that steel prices will fall, and a third of steelmakers will be losing money, Kallanish notes.
Shen said that new steelmaking capacity is continuing to be put into production this year. This means crude steel production is likely to exceed 950 million tonnes this year, he said in an interview with local …
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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