Low prices to persist in Chinese steel industry

Feb 21, 2014 | 07:44 PM |

Tags  steel, Chinese Steel Home, Wu Wenzhang, Chinese steel industry, Cem Turken

ISTANBUL — Chinese crude steel production is expected to total 800 million tonnes in 2014, up by 2.7 percent year on year, according to Wu Wenzhang, president of Chinese Steel Home. Net exports are expected to hit 50 million tonnes or higher, and apparent consumption to total 750 million tonnes, up by 3 percent, Wenzhang told delegates Feb. 20 at the 11th Steel Success Strategies conference in Istanbul. Low prices, poor profitability and....

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