07
Apr
10:06
Chinese steelmakers reduce inventories in 2015
Thirteen listed Chinese steel companies saw the value of their steel inventories fall -24.1% year-on-year to CNY 56.88 billion ($8.8 billion) in 2015, according to the Securities Daily. Lower inventory can help steelmakers to control risk in the weak market, Kallanish notes.
Some companies have been controlling production and reducing raw materials purchasing to allow them to sell down inventories to improve cash flow.
Bayi Iron and Steel, which closed o…
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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