Chinese steelmakers said making money ‘as banks’
Jun 27, 2012 | 10:01 AM
| Michelle Madsen
Tags
Chinese steelmakers,
Credit Suisse,
Philip Killicoat,
iron ore symposium,
michelle madsen
AMSTERDAM — Major Chinese steel mills are not concerned by shrinking steel prices as they are making money "as banks," according to Credit Suisse Group AG vice president Philip Killicoat.
"Chinese steelmakers are not making any money as steelmakers," he said at the 18th Iron Ore Symposium in Amsterdam sponsored by AMM sister publication Metal Bulletin, noting that there was a move among major Chinese steel mills to focus....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here