The following news item appeared in the international steel industry press.
Title: Partys over: As margins tumble China steel mills brace for hard
Date: Tue, 27 Nov 2018 06:20:58 GMT
Report: MANILA/BEIJING Reuters - Chinese steel producers ran up losses for the first time in three years this month as prices slid into a bear market on weak demand and near-record supply, ending years of solid profit margins. China's steel production hit a record 82.55 million tonnes in October, but steel prices and margins have since shrunk as China dialled back on winter output curbs aimed at cutting smog, while demand weakened as cold weather slows the construction sector.
Keywords: smog, china, steel, margins, prices
Source: Yahoo Finance.
Press release: see full report.
Related: For further information about the steel industry in China, see our Asia-Pacific steel news page.
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