The profit margin of flat steel, used mostly in vehicles, home appliances and machinery, is about 300 to 400 yuan a tonne. Photo: Reuters The profit margin of flat steel, used mostly in vehicles, home appliances and machinery, is about 300 to 400 yuan a tonne. Photo: Reuters
The profit margin of flat steel, used mostly in vehicles, home appliances and machinery, is about 300 to 400 yuan a tonne. Photo: Reuters

Chinese steelmakers thrive as raw material costs plunge

Profit margins at mainland mills rise to highest in 18 months on cheaper raw material prices

The profit margin of flat steel, used mostly in vehicles, home appliances and machinery, is about 300 to 400 yuan a tonne. Photo: Reuters The profit margin of flat steel, used mostly in vehicles, home appliances and machinery, is about 300 to 400 yuan a tonne. Photo: Reuters
The profit margin of flat steel, used mostly in vehicles, home appliances and machinery, is about 300 to 400 yuan a tonne. Photo: Reuters
READ FULL ARTICLE