02
Jun
10:12
Major Chinese mills' April margin beats first quarter
The China Iron & Steel Association (CISA) says that in April major Chinese steel mills saw margins even higher than the first quarter record, based on data from 107 major producers. In April the net profit from these mills reached CNY 9.418 billion ($1.38 billion), 20.28% higher than the Q1 average of CNY 7.83 billion/month, Kallanish notes.
Over the first four months the major steel mills' combined sales revenues increased 38.46% year-on-year to CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous