The largest Chinese metallurgical company Baoshan Iron & Steel Co. LTD announced the improvement of the steel market indicators in the fourth quarter of 2012. According to the CEO of Cao Zhen, "Negative phenomena caused by the fall of demand and the lack of working capital are already reduced, the Chinese economy is stabilizing."
The Chinese metallurgical giant expects to improve its economic indicators in the fourth quarter. At the same time, as the general director of Baosteel rightly noted, it is necessary to "take into account the situation in the world economy today, you must be a realist and foresee" cold "in all respects in the winter of 2012 - 2013."
Recall that in the third quarter, Baoshan Iron & Steel Co. LTD reported on the fall of profit by 5%, having worked the corresponding period is much worse than previously alleged results. Today, the prices for steel products of Chinese production have stabilized, reaching a certain balance of supply and supply.
Chinese steel market stabilizes in the fourth quarter
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Azovpromstal® 31 October 2012 г. 00:01 |
