MIIT: Chinese steel industry sees sharp decrease in economic returns in Jan-May
2020-07-07 12:53:20 [Print]
China's MIIT released on July 3rd the operation data of domestic steel industry from January to May 2020
. According to the data, Chinese steel industry gradually get rid of the influence brought by the outbreak of Covid-19 from January to May 2020 with production and sales basically recovered and staying stable overall . However, affected by lower prices of steel products and higher imported iron ore prices, Chinese steel industry saw a sharp decrease in economic returns from January to May 2020.