10
Aug
04:49
New capacity could slash steel prices: Shagang chairman
Chinese steel prices may continue to strengthen in the third quarter, Shagang Group chairman Shen Wenrong tells China Metallurgical News. However, with large new production capacity being put into operation, steel prices in Q4 may drop sharply.
Although China's ferrous metal industry profits fell by about -40% year-on-year in the first half of this year, Chinese steel companies are still performing better than mills in most other countries. He expect…
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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