27
Oct
04:33
Steel price recovery boosts more Chinese steelmakers
More Chinese steelmakers have published their Q3 reports, showing similar trends for business revenue and operational costs. The improvement in steel prices over the year has improved results across the board.
According to the China Iron and Steel Association (CISA), which covers over 80% of Chinese steelmakers, average steel industry margins were 1.27% over January to September. Over the same period CISA members achieved CNY 25.21 billion ($3.72 billi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous