13
Mar
06:23
CISA: financial costs cut over $20/t steelmaking margin
Last year the Chinese steel industry returned to an overall net profit but margins remained thin at just 1.08%, much lower than China's average industrial enterprises margin of 5.97%. Financial costs are a key factor, according to the China Iron & Steel Association (CISA). Issues like high debt to assets ratio, weak cash-flow and the high proportion of short-term loans have brought increasing financial costs for Chinese steelmakers, Kallanish note…
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Anonymous
Very good overview of the weekly steel market.
Anonymous