03
Feb
15:41
CISA members profits hit $5 billion in 2016
The China Iron & Steel Association (CISA) estimates its member companies' profits came to around CNY 35 billion ($5.09 billion) in 2016. The National Development and Reform Commission (NDRC) meanwhile attributes the improved profitability of the sector to the overcapacity elimination campaigns last year, Kallanish notes.
As we can see from the table below however, 2016's profits were still not enough to wipe out 2015 losses. Stronger steel prices pro…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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