27
Jan
08:50
Chinese ferrous sector sets annual profit record
China’s ferrous metal smelting and rolling industry earned an all-time high profit in 2021 thanks to the post-Covid steel market recovery and high prices, according to data from the National Bureau of Statistics (NBS). Profits for the whole year surged 75.5% year-on-year to CNY 424.09 billion ($66.66 billion), Kallanish notes.
Profit ranked eighth and growth ranked sixth among all 41 of China’s major industries.
Across all Chinese industrial ent…
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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