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[www.ferro-alloys.com] According to China Iron and Steel Association (CISA) data released that China steel enterprises post the net losses of RMB8.748 billion in the first quarter this year.

However, Chinese steel prices have rebound in March this year, but it will not able to cover steel enterprises losses in previous.

But the analysts believed that steel prices are not optimistic. Last week, iron ore prices jumped up 10%, forced the steel prices recovered from September 2014 levels. But the steel prices went up didn’t improve the market demand, because the overcapacity didn’t not solve yet.

(article from Internet for reference only)

• [Editor:Chen Zhen Seng]