国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

Economy

Markets

Industries

Insights

Reports

Events

60% of steel makers report losses in Oct

By Fu Yu (Xinhua)
Updated: 2008-12-05 19:02

Dwindling demand in both the domestic and overseas markets has sunk nearly 60 percent of Chinese steel companies into the red since October.

The 42 loss makers reported a combined shortfall of 7.8 billon yuan ($1.14 billion) in October. This was the first time for some of these companies to report a loss.

"The Chinese steel industry has come in for a hard time." said Qi Xiangdong, deputy secretary general of China Iron and Steel Association. A turnaround is not expected until the second quarter of 2009, he said.

Analysts said the latest round of bank interest rate cuts and the depreciation of the renminbi against the US dollar has helped restore some confidence in the future of the steel manufacturing industry.