Collapsing auto sector a body blow for industrial metals

The situation of production line of high-end electroplate nickel salt by Jinchuan Group

Chongqing Iron & Steel (Group) saw a decrease of 48.22% on profit.

The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.

China steel price average index was103.34 in Jan-Feb, down by 3.3％ YoY. China steel price index was by February, 28, down by 5.71％ YoY.

Jingye Group sends aid to British plants.

I believe all these measures are necessary to optimize State-owned assets, as well as cut their heavy financial burden caused by outdated CSR obligations.

Data from Fuzhou human resources authority showed that around 80,000 people from Hubei province have jobs in the city, working mainly in the industries of electronics, textile and steel.