Chinese steel industry records losses in Q1


27/05/2012 07:24 AST  Steelguru

Chengdu Business Daily citing the China Iron and Steel Association said China steel industry recorded a loss of CNY 1.034 billion in the first quarter.

Mr Zhang Changfu vice president of the association said it is the first time the entire steel industry suffered a loss since 2000.

According to the report, 25 of 77 steel enterprises posted losses last October with the losses totaling CNY 2.13 billion.

Global News
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | News Archive

JAN | FEB | MAR | APR | MAY | JUN
Most Viewed Companies
Ticker Price Volume
RIBL 24.7 220,469
UCA 36.5 203,884
ALKHODARI 31.2 395,717
EMAAR 5.66 7,755,492
NBAD 12.35 328,558
WATANIYA 99.25 509,246
SAGRINSURANCE 24.2 518,593
Recent News

Vodafone Qatar eyes greater market share, profitability
Vodafone Qatar has achieved most of its targets laid during the five-year business plan and is set to grow and achieve greater market share and profitability, board member Rashid al-Nuaimi said.

Japan’s Topix Snaps Four-Day Winning Streak on Fed, China
Japan’s Topix index fell for the first time in five days after Federal Reserve Chairman Ben. S. Bernanke said the central bank may reduce stimulus this year if the economy achieves sustainable growth

Asian Stocks Drop on Fed Statement, China Flash PMI
Asian stocks slumped the most in almost two years amid concerns a credit crunch in China is worsening and the Federal Reserve will reduce stimulus should the U.S. economy continue to the improve.

Spanish Trade Deficit Narrows Sharply In April
Spain's merchandise trade shortfall decreased significantly from last year in April as exports increased at a notably faster rate than imports, data released by the Commerce Ministry showed Wednesday

Bond sales to be uniform-priced in near term: RBI officials
The Reserve Bank of India's plans to auction government bonds with a "uniform-price" bidding system comes in anticipation of further bearishness in debts markets should the US Federal Reserve announc

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?