Steel Pressured by Declining Profit Margins
Steel rebar futures traded around CNY 3,105 per ton, hovering close to two-week lows as profitability across China’s steel industry continued to deteriorate. Industry data showed that only around 30% of steelmakers were profitable as of September 4, down from 32.5% a week earlier and 61% during the same period last year. Meanwhile, China’s blast ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
