January 26, 2006

...AND CHEAPER...:

China's steel profits sliding (Asia Times, 1/27/06)

China's steel industry, the biggest in the world, could see a 60% decline in profits in 2006, due to weakening prices for steel products. The development is expected to spark mergers and acquisitions (M&As) in the fragmented sector, starting from 2007, analysts said.

Posted by Orrin Judd at January 26, 2006 3:46 PM
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