06
Mar
09:02
CISA member companies double margins in January
Major Chinese steelmakers saw January steelmaking sales margins before taxation of CNY 97/tonne ($14.05/t), double the 2016 average, according to the China Iron & Steel Association (CISA). If prices hold, steelmakers could again boost profits from 2016, but margins are still fairly meagre at 2.07%, Kallanish notes.
Data from CISA shows its member companies achieved in total CNY 5.13 billion in profit in January, turning losses into gains year-on-ye…
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Anonymous
Very good overview of the weekly steel market.
Anonymous