Chinese Steel Mills Reach 64% Profitability, Highest Since August
Updated
Updated · Bloomberg · May 15
Chinese Steel Mills Reach 64% Profitability, Highest Since August
2 articles · Updated · Bloomberg · May 15
64% of Chinese steel mills were profitable in Mysteel’s latest weekly survey, marking the sector’s strongest profitability reading since August.
Mysteel’s data covered 247 plants and showed profitability has exceeded this level only twice since October 2024, underscoring how unusual the rebound is.
The improvement still faces durability questions, leaving uncertainty over how long mills can sustain the stronger margins.
With new global tariffs now in effect, can China's record steel profitability survive the escalating trade war?
Beyond trade wars, are soaring energy costs and Mideast shipping risks the real threats to China's steel profits?