08
Mar
10:15
High financial costs nibble at Chinese steelmakers' profits
Chinese steelmakers' high debt-asset ratios have brought them high financial costs, which are eating away at their margins. This will again distinguish viable from unviable steelmakers once the market turns down again Kallanish notes.
Gao Hongzhi, the Handan city municipal party secretary, told the recent Hebei provincial National People's Congress meeting that industrial enterprises’ financial costs are currently far too high.
Handan …
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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