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Major steelmakers in China set decade high asset-liability ratio

 

Date:[12/6/2013]    Source:Shandong Hai Steel Co.,Ltd

 
Major steelmakers in China set decade high asset-liability ratio
By the end of Sep, major steelmakers in China registered the asset-liability ratio at 69.63% on average, up 0.93 ppt y-o-y to a nearly 10-year high, Zhou Guocheng, the former vice president of Sinosteel was quoted as saying. To be specific, over 30 steelmakers listed on the A-share market reported surging asset-liability ratios, among which 5 have the ratio above 80% with Chongqing Steel even having it up to 92%.
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