Steel sector dives deep into red
By Li Fangfang | China Daily | Updated: 2008-10-31 08:07
A worker moves a roll of steel at a steel market in Beijing. Wu Changqing |
China's once profitable steel industry plunged further into the red in October due to a combination of shrinking demand, prices and exports resulting from the global financial crisis, China Iron and Steel Association (CISA) said yesterday in Beijing.
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