Chinese Steelmakers Face New Pressure Amid Rising Raw Material Costs

Post Views: 212 Chinese Stee lMills Iron Ore and Coking Coal Raw Material Costs Challenge Chinese Steelmakers Chinese steel mills confront rising costs for iron ore and coking coal, threatening profits after a strong third quarter. Analysts warn margins may shrink further as prices climb. Iron ore futures in Singapore increased for the fourth consecutive month, while Dalian coking coal reached its highest level in nearly a year. This surge impacts producers’ profitability across rebar, hot-rolled coil, and billet markets. Profitability varies among producers. Baosteel posted high Q3 profits, H...