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CISA: Domestic steel industry remains unprofitable

(CMIC)
Updated: 2009-05-22 16:58

 

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CISA vice president Luo Bingsheng noted China’s steel industry has seen a huge loss in the first quarter of this year. Coupled with great pressure from export markets, the industry would be hit hard in terms of profitability this year. He added that during the first two months, 71 key medium and large-sized mills made a loss of 1.51 billion yuan, up 24.28 percent. More mills suffered losses in March. Several fundamental characteristics in the industry worth noting are...

 

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