• 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

German’s SMS signs an agreement to boost Iran's st...
Finance and economy
30 Mar 2017 11:34
Russia’s MMK to significantly improve sales perfor...
Finance and economy
29 Mar 2017 11:04
NAFTA groups confirm AD investigation on Mexican s...
Finance and economy
28 Mar 2017 09:46
ArcelorMittal Kryvyi Rih’s net profit increases fo...
Finance and economy
23 Mar 2017 09:50
Taiwan’s stainless steel exports remain uncertaint...
Finance and economy
21 Mar 2017 09:00
Most Popular