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04 May
10:29

Chinese steelmaker financial performances improve in Q1

Many Chinese steelmakers saw some recovery in the first quarter of 2016, according to their quarterly reports. Some of the larger mills made a profit in the period although others, both large and especially medium-sized, did not. These results reflect a level of differentiation in the steel sector which may imply that a structural change in the steel market is in progress, Kallanish notes. Hangzhou Iron and Steel Company switched from a CNY 66.5 million loss to …
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