16
May
07:29
CISA, CBRC cooperate on deleveraging Chinese steel
The China Iron & Steel Association (CISA) and the China Banking Regulatory Commission (CBRC) are aiming to speed up steel industry deleveraging and to decrease the sector's asset-liability ratio to under 60%. They intend to do this within three to five years, the organisations say. Official data from CISA shows by the end of March member companies' average liability ratio was 69.97%, down -0.46% from the end of last year, Kallanish notes.
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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