China's Steel Industry is Experiencing Big Losses

  • Thursday, January 7, 2016
  • Source:ferro-alloys.com

  • Keywords:Steel
[Fellow]China's steel industry is experiencing big losses, due to overcapacity and weakening demand. Chinese steelmakers is suffering from losses in the first eleven months of 2015.
China's steel industry is experiencing big losses, due to overcapacity and weakening demand. Chinese steelmakers is suffering from losses in the first eleven months of 2015. 
 
Those for large and medium-sized steel mills face losses of RMB53.1 billion (about US$8.18 billion) in the first eleven months of 2015. The total sales revenue for 101 steel mills dropped to RBM2.66 trillion, down by 19.3% from the same period a year earlier.
 
In addition, Chinese steel prices have gone down dramatically for the past two years.
 
Article from Internet for Reference only
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:Sophie]

Related News

·Chinese Shagang Group to Rise Rebar, Wire Rod Prices01-05
·China’s Benxi Steel to Hike Steel Prices for Jan01-04
·ZhenJiang Daqo Siemens Signed Strategic Cooperation Agreement with...01-04
· No New coal Mines to be Approved for Three Years to Cut Stockpile...12-31
· Taiwan Province of China Iron Ore Imports Declined 6%12-30

Tell Us What You Think

please login!   login   register
Please be logged in to comment!