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    China's steel industry may be in red this year
    


    (CMIC)
    
 Updated: 2009-06-15 17:22
    



 

    

    

    


    


    


    Related publication:
    

    


    

    China's steel industry may be in red this year
    

    



    

    
    		

    
    

    


    Xu Lejiang, chairman of China's largest steelmaker Baosteel Group claimed that China's steel industry may post a loss for 2009 as overproduction persists in a weak global market. Players remained cautiously optimistic about the recent recovery that has lasted for the fifth week as of last week. Mills have been under pressure due to the surge of some imported steel products with a lower price than that of household ones and overcapacity
    

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    The full text is available in the JuneIssue ofChina Steel. Please visitpublications for more subscription details.
    


    

    (For more biz stories, please visit Industries)
    

    

    

 



 



    


    


 

    

    

    


    

    


 

    


    


 

    


    


 

    


    


    


 

    

    

    
    		

    

    








     
    


     
    



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