UTC+8 ( BJT)

INFOGRAPH: Better margins encourge mills to resume production


After enduring persistent losses on their finished steel sales since mid-June due to the supply-demand imbalance, the 247 Chinese steel mills quizzed in Mysteel's regular survey have finally seen a modest recovery in their profit margins, with the profitability rate among the surveyed mills up to nearly 42% as of August 5.
The latest survey result is in stark contrast to the profitability rate of just 9.96% recorded on July 22 the lowest since January 2016.   Source: Mysteel   The improvement in profit margins also enouraged some steel producers to gradually resume operations after undertaking maintenance work. Accordingly, over the July 29-August 4 survey period,


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227