By Manolo Serapio Jr and Muyu XuMANILA/BEIJING (Reuters) - Powered by China's infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing's years-long drive urging steelmakers to move up the value chain. As its manufacturing engine sputters, the world's second largest economy is increasingly relying on infrastructure spending to boost growth, spurring demand for construction steel products and lifting producer profit margins to near record levels.Combined with recent cuts to ...
Home buyers face squeeze as Shanghai curbs office-to-flats market
Gold gains as stocks fall; weak U.S. data spurs safe-haven demand
In reversal of fortune, China's low-value steelmakers beat high-end peers
Reuters |
First Published: Thu, June 15 2017. 10:16 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).