Chinese steel industry had been poor in profiting for long due to overcapacity and market downturn. To make it worse, cash shortage was spreading from steel traders to steel mills recently. It was reported that some mill in Jiangxi Province was immersed in the situation that capital catenary ruptured and the boss had run. According to recent survey, many small and medium-sized mills were eager for cash. It was predicted that capital shortage in steel industry would be normal and the industry reshuffle would tensify soon.
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Capital Shortage in Chinese Steel Industry might Be Normal
Source： Time：2013-06-28 10:04:02 views：
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