28
Oct
05:02
Chinese inland steelmakers profit but with reduced margins
More Chinese steelmakers have published their third quarter reports and it appears that the improvement in steel prices over the year has improved results across the board. However the margins of inland steelmakers are lower than coastal ones, Kallanish notes.
Ma’anshan Iron and Steel (Magang), Anyang Iron and Steel (Anyang) , Jiugang Hongxing (Hongxing) and Xinxing Ductile Iron Pipe Co. (Xinxing) have now also published their Q3 reports (see tables below)…
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Anonymous
Very good overview of the weekly steel market.
Anonymous