According to report of China Iron and Steel Association (CISA), the medium-large -size steel enterprises in China realized margin losses of RMB548 million in this February, slumping by 106.62% from that in the same period of a year earlier.
In the first two months of this year, the Chinese medium-large-size steel companies realized accumulative margin losses of RMB2.804 billion, falling significantly by RMB19.147 billion in comparison of that in the same period of a year earlier.
Meanwhile, the margin rate in February was at -0.19%.
It's analyzed that weak demand from downstream buyers and high raw material cost have squeezed Chinese steelmaker's margin severely