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Steel profit per ton of mills with membership is low during Jan. to Oct..      [2017-12-15]

According to CISA’s statistics, during Jan-Oct, steel profit per ton of mills with membership is 237 yuan ($35.86) on average with the sales margin of 4.41% on the whole, the highest since 2008, but still lower than the industry’s average sales margin of 6.24%.

 
Financial stress has still plagued steel enterprises which are high in leverage as ever, with deleveraging progress remaining slow. By the end of Oct, the asset-liability ratio of the members is 68.75%, although down 0.71% over the same period last year, but still higher than the average 55.7% of industry.


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