Posted on 31 Oct 2011
China's steel mills are expected to see their profit margins gradually improve, a senior executive from Baosteel said on Monday.
The average profit margin for China's large- and medium-sized steelmills from January-September this year was 2.99 percent, Ma Guoqiang, general manager of Baosteel, said during an online results briefing.
He did not specify a time period as to when margins would improve.
China is the world's largest steel producer with its annual output accounting for around half of global production.
