The deputy director of Raw Materials Division of the Ministry of Industry and Information Technology of People`s Republic of China, Luo Tiejun said that 2011 China`s steel productions and demands would still continue to grow under the stable situation of macroeconomic fundamentals. Instead, the operational states of steel industries are more difficult to reverse, remaining the meager profits. According to his reaveal, the average profit margin of all industries is 6%, while the steel industry shows only 3.5%, the lowest among all industries.

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POSCO Adds Selling Price by 5.5% for Stainless Steel Products in 2011

2011-01-03

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