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Lower steel price weighs upon Custom Fabrication Factory Q1 profit

2018-05-18

Mechanical Parts & Fabrication Services

Steel price per ton dropped by about 1,000 yuan in late March compared with late last December, according to the China Iron and Steel Association (CISA).

Steel price edged up in April but is still below 4,000 yuan per ton, which means the sector's profit will shrink year-on-year if the price continues to remain sluggish.


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