12
Oct
08:52
Chinese steelmakers’ profit growth slows in third quarter
Affected by weak demand during the summer and lower prices compared with peaks in May, six of the eight China-listed steel companies that have released their third-quarter profit forecasts expect declines, Kallanish notes from these companies’ exchange announcements.
The combined net profits of the eight companies declined 28.4% from Q2, though strong steel markets amid economic recovery this year still led to a growth of 129%, year-on-year.
Prof…
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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