World's third largest steelmaker posts nearly $1 bn loss
Monday, 31 March 2025 () Shanghai (AFP) Mar 31, 2025
World number-three steelmaker Angang Steel lost nearly $1 billion last year, it said in a stock exchange filing, as the Chinese giant was hit by domestic overcapacity and poor demand. China's steel sector has been under pressure from a prolonged slump in the country's real estate market, traditionally a major consumer, that has hit demand in the world's second-largest economy. Angang log
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Monday, 31 March 2025 ()
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