Dong zhengping: steel price rising enterprises are expanding ......
发布时间：
2016-09-12
Deputy to the National People's Congress, zhongtian iron & steel group, chairman of the board Dong Cai said, at present, China's steel production capacity is still high, has not release the full capacity, steel prices rebounded after many steel companies are expanding production, estimated in the second half may appear the situation of oversupply; He spoke to Reuters on the sidelines of the two sessions. 'now the profits of steel companies are recovering and profits are gradually returning to policy levels,' he said. He worries that steel prices will fall soon after a large number of companies expand production. At present, many large enterprises are only 60-70% of the time.
Deputy to the National People's Congress, zhongtian iron & steel group, chairman of the board Dong Cai said, at present, China's steel production capacity is still high, has not release the full capacity, steel prices rebounded after many steel companies are expanding production, estimated in the second half may appear the situation of oversupply; He spoke to Reuters on the sidelines of the two sessions.
'now the profits of steel companies are recovering and profits are gradually returning to policy levels,' he said.
He worries that steel prices will fall soon after a large number of companies expand production.
At present, many large enterprises are only 60-70% of the time.
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