07
Aug
01:00
Chinas special steelmakers see output, profits fall
China’s special steel producers saw steelmaking fall -2.91% year-on-year over January-June to 62.22 million tonnes, according to the China Special Steel Enterprises Association (CSSEA). The sector seems still to be overproducing however and growing financial costs could put some companies at risk, Kallanish notes.
Net profits of CSSEA member companies slumped almost -90% to CNY 210 million ($34 million) over the same period, mostly because of a sharp d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous