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China’s steel giants lost $11 billion in first 10 months of 2015

Cecilia Jamasmie | December 04, 2015 | 5:33 am Africa Asia Australia China Europe Iron Ore 

[caption id="attachment_840130" align="aligncenter" width="600"] "Grasp revolution, increase production, relentlessly strike at imperialism, revisionism and reactionaries!" (Image by chinaposters.net on Flickr)[/caption] Chinese steelmakers, determined to keep their world’s leadership in the sector, have been boosting sales at the expense of profits. From January...

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