27
Jun
10:39
China's steel industry back in black in May
China's steel industry made profits for the first time this year in May as operating income grew faster than operating costs. Increased on-month steel output, higher flats and wire rod prices and lower iron ore costs this May contributed, Kallanish understands.
The net profits of steel industry of China reached CNY 9.5 billion ($1.3 billion) in May, compared to a CNY 860 million net loss in April. Operating income and costs were CNY 698.1 billion and CNY 667.8…
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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