• 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

Nucor’s net income and sales both increase in Q3...
Finance and economy
24 Oct 2016 11:52
Taiwan’s CSC announces net profit before tax of NT...
Finance and economy
13 Oct 2016 10:56
CSC July consolidated revenue slightly reduces 1.9...
Finance and economy
05 Oct 2016 11:18
Turkish steel export values down in Jan-Aug...
Finance and economy
04 Oct 2016 09:18
Brazil’s CSN intends to sell its stake in iron ore...
Finance and economy
03 Oct 2016 10:10
Most Popular