Category: Wire Rod

China’s steel sector profits fell on the back of lower steel prices, increase in output and high iron ore prices in the Jan-May’20 period. Operating revenue of the steel sector in May was at RMB604.65 billion, down by 0.9% y-o-y while profits were at RMB18.7 billion, down by 50.6% y-o-y, according to the National Bureau…