China’s Steel Industry Faces Crisis as Angang Reports $981M Loss
31 Mar 2025
China's steel industry is in turmoil as Angang Steel Co. Ltd., a subsidiary of the country’s second-largest steelmaker, reported a staggering loss of 7.1 billion yuan ($981 million) for 2024. This marks more than double the 3.3 billion yuan loss it faced in the previous year. The loss underscores a...
Read More
