30
Dec
09:22
Chinese subsidies pile up as steelmakers struggle
107 Chinese companies, many of them steelmakers, announced in December that they had received subsidies, according to local reports. Steelmakers are also drawing in some of the largest subsidies of all Chinese companies, Kallanish notes.
Top of the pack by far was Lingyuan Iron and Steel (Linggang) in north eastern China’s Liaoning province. The 6 million tonnes/year steelmaker received CNY 792 million ($122m) in support from local government, including CN…
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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