This is good news. Very good.The number of profitable steel mills in China has increased steadily since the second half of March, and now about half of all Chinese steel mills are gaining some profits when selling their steel, thanks to their lower production costs and the recovery in finished steel prices, Mysteel Global learned.Mysteel's latest weekly survey showed that as of April 18, the profit ratio among the 247 blast furnace mills nationwide under its regular tracking had increased to 48.48%, up for the fifth consecutive week by another 10.38 percentage points on week and marking the highest since last September.INFOGRAPH: Profits return for almost half of China's steel mills
Source: Mysteel Apr 19, 2024 19:30
Iron ore price, page-51997
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