Wed 22 Nov, 2017 US$1=CNY Full Converter LATEST:  

China's large steelmakers lost $507 mln in Jan-Feb

service@ironoreteam.comThu Mar 26, 2015 10:51am GMT

China's large and medium-sized steelmakers made a combined loss of 3.15 billion yuan ($507.1 million) in the first two months of this year, an industry official said on Thursday, as a supply glut and slower demand growth dampened prices.
Apparent consumption of crude steel in China, the world's top producer and consumer of the construction material, fell 7.5 percent in January and February, Wang Liqun, vice chairman of the China Iron & Steel Association (CISA) told an industry conference.


s
u
p
p
o
r
t