13
Jan
05:32
Profits jump for Chinese steelmakers in 2016
15 Chinese steelmakers have presented their 2016 earnings forecasts to their respective exchanges, nine of which expect profits and two of which are borderline. The Chinese steel industry has boosted profitability significantly as steel prices soared last year, but the average industrial profit rate shows it still has a long way to go, Kallanish notes.
Data from Custeel shows that over January to November 99 major steelmakers have earned net profits of…
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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