More Chinese steelmakers mull shutdowns amid negative margins - sources

Some Chinese steel mills are planning to reduce production rates due to weak margins and demand, but the prospect of such a move failed to push up steel prices on Thursday June 16, sources told Fastmarkets.

Many steel mills have  either have started losing money or are on the edge of making a loss due to the recent steady decline in steel prices.

“The gross...

Published

Jessica Zong

Zihuan Pan

Olivia Zhang

June 16, 2022

12:25 GMT

Shanghai