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China's low-value steelmakers beat high-end peers

Infrastructure push has given a boost to producers of construction steel, lifting their margins to record levels

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Published Thu, Jun 15, 2017 · 09:50 PM

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    Beijing

    POWERED by China's infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing's years-long drive urging steelmakers to move up the value chain.

    As its manufacturing engine sputters, the world's second largest economy is increasingly relying on infrastructure spending to boost growth, spurring demand for construction steel products and lifting producer profit margins to near record levels.

    ChinaSteel

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