29
May
05:45
China’s ferrous industry profits stabilise in April
Despite income being impacted by lower steel prices, monthly profit in China’s ferrous industry stabilised in April with the help of lower costs. Year-to-date earnings were still at around break-even, according to the National Bureau of Statistics data.
Due to falling steel prices and sluggish demand in April, monthly operating income across the whole industry declined 8.7% month-on-month and 12% year-on-year to CNY 710.06 billion ($100.46 billion). Year-to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous