10
Apr
03:03
Chinese steel industry profits fall in first quarter
Several major Chinese steelmaking companies have announced expectations of falling profit for the first quarter. On 9 April, Lingyuan Iron & Steel (Linggang) said its net attributable profit is expected to fall by -73% year-on-year to CNY 69 million ($ 10.28 million), Kallanish notes.
The worsening financial performance in Q1 was mainly due to falling prices. Production and sales volumes both increased, the former by 14.2% and&n…
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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