05
Aug
07:32
Chinese steelmaking profit margins remain low in H1
Members of the China Iron and Steel Association (CISA) recorded sales revenue of CNY 1.29 trillion ($194 billion) in the first half year 2016, down -11.93% from the same period last year. The average profit margin was only 0.97% however, keeping steel at the bottom of industrial sectors, Kallanish notes.
CISA said its research included 99 steel companies and many of them were profitable in H1. Total combined profits reached CNY 12.5 billion, 4.27 times greater t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous