Volatile year leaves China steelmakers facing a loss

Jan 02, 2013 | 10:27 AM |

Tags  steel, Chinese steelmakers, Beijing, losses

SHANGHAI — For China’s steelmakers, 2012 was another challenging, volatile and—for many—loss-making year.

With domestic prices witnessing sharp ups and downs, many Chinese steel companies were in the red in 2012. Spot prices for hot-rolled coil dropped to about 3,100 yuan ($498) per tonne from 4,300....

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