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Posted On: 05/16/2019 9:34:19 PM
Post# of 27272
Fortescue’s CEO is seeing ‘strong growth’ in China’s steel production
PUBLISHED WED, MAY 1 2019 2:02 AM EDT
Eustance Huang
@EUSTANCEHUANG
KEY POINTS
Amid concerns over the state of the Chinese economy, Australian mining company Fortescue is seeing robust steel production coming from the country, according to its CEO.
China is the world’s largest steel making country. Data from the World Steel Association show the country increased its share of global crude steel production from 50.3% in 2017 to 51.3% in 2018.
Fortescue’s comments followed the release of China’s Purchasing Managers’ Indexes for April on Tuesday, which showed the country’s manufacturing sector growing slower than expected.
https://www.cnbc.com/2019/05/01/fortescue-ceo...ction.html
PUBLISHED WED, MAY 1 2019 2:02 AM EDT
Eustance Huang
@EUSTANCEHUANG
KEY POINTS
Amid concerns over the state of the Chinese economy, Australian mining company Fortescue is seeing robust steel production coming from the country, according to its CEO.
China is the world’s largest steel making country. Data from the World Steel Association show the country increased its share of global crude steel production from 50.3% in 2017 to 51.3% in 2018.
Fortescue’s comments followed the release of China’s Purchasing Managers’ Indexes for April on Tuesday, which showed the country’s manufacturing sector growing slower than expected.
https://www.cnbc.com/2019/05/01/fortescue-ceo...ction.html
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