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CISA: China steel mills' profitability under challenge

ABSTRACT

China's steel mills will see their profitability down for the remainder of 2021 with rising costs in raw materials and energy, with iron ore prices, for example, still hovering high at about $120/t recently despite the substantial declines so far in the second half of this year, the China Iron & Steel Association (CISA) warned at its latest press conference on October 25.
Coal and coke prices have been surging on relatively supply tightness and power supply shortage has led to more steel production cuts or even suspension of operations among the Chinese steel producers since September, the association elaborated.   Besides, uncertainties will be persisting in the growth in demand for steel and steel

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