• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

CISA: Chinese steel mills report low profit margin for Q1

  • A
  • A
  • A
Based on actual data released by China Iron and Steel Association (CISA), out of 28 Chinese steel mills, 10 of them experienced deficit in the Q1.

The major Chinese steel mills contributed RMB863.888 billion in the first three months of this year, down by 0.95% year on year.

It is said the gloomy international economy with sluggish demand and continuing high raw material prices have squeezed the profit margin.

The accumulative deficit hit RMB1.034 billion, a sharp plunge compared to profits of RMB15.8 billion in the same period of last year.
News Date 09 May 2012 15:20:09 reported by Mike Lo

ThyssenKrupp announces its EBIT growth in fiscal y...
Finance and economy
30 Nov 2015 09:37
Russian TMK announces net loss in Q3 this year...
Finance and economy
26 Nov 2015 09:28
USS announces temporary close its Grani city mill...
Finance and economy
25 Nov 2015 14:26
Gerdau’s sales revenue decreases in Jan-Sep...
Finance and economy
19 Nov 2015 11:45
Jindal Stainless sets to cut debt by 64%...
Finance and economy
19 Nov 2015 08:50
Most Popular