Chinese metallurgy works for work

In April 2013, the rate of profit at Chinese metallurgical plants decreased to 0.05 percent after 0.3 percent in March. This was reported by the Chinese Association of the metallurgical and steel industry.

The reduction in the profit of steel plants in China lights the "red light" to the further development of the country's metallurgical industry, writes the newspaper "Jinji Tsankao Bao". All Chinese metallurgy in the first four months since the beginning of 2013 earned less than $ 440 million.

China metallurgists are in an unenviable position due to the too large level of steel production, which no one is going to reduce. In addition, for the same reason, the price of the main types of rental has fallen to the lowest level over the past few years.

Meanwhile, in China itself there are quite optimistic assessments of the situation. “Recently, the China has a tendency to increase the demand for steel, so the profit of steel companies can begin to grow in June,” Chi Jinduun, deputy secretary of the Chinese Association of the Chinese Association of the Chinese Association.