16
Apr
07:12
More Chinese steelmakers see narrowed first-quarter profits
The listed arms of China's Angang, Liugang and other steelmakers have recently announced year-on-year declines in their profit forecasts for the first quarter.
Steel prices in China were lower in Q1 than the same period last year and raw material prices have risen sharply due to tight iron ore supply. Most Chinese steel companies have seen their respective profits adversely affeced so far this year, Kallanish notes.
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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