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Difficulties seen behind the current profits for China's steel industry
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Date:[9/13/2013] Source：Shandong Hai Steel Co.,Ltd
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Difficulties seen behind the current profits for China's steel industry
By the end of Aug, the half-year reports of 33 publicly traded steelmakers in China showed that 22 of them made profits during the first half of 2013, standing a sharp contrast with the situation a year earlier that nearly 90 percent of them were running at a loss. However, financial statements and related statistics showed that despite the profits on record, steelmakers' steel business remained deeply in the coldness and they were unable to get rid of a loss due to the multiple constraints.
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