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          BIZCHINA> Top Biz News

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          Steel sector in a new round of downturn
          


          By Cui Xiaohuo and Jiang Wei (chinadaily.com.cn)
          
 Updated: 2009-03-06 18:56
          



 

          

          China's steel industry has entered another round of decline since mid February after a short pick up in January, said Shougang Group Chairman Zhu Jimin.
          


          

          

          


          


          


          


          


          


          


          Related readings:
          
          Steel sector in a new round of downturn Glut of steel could worsen as shipbuilding orders plunge
          
          Steel sector in a new round of downturn Shougang to buy stake in Fushan
          
Steel sector in a new round of downturn China Shipping and Shougang set up joint venture
          
          		

          
          

          
          		

          
          

          
          		

          
          

          

He told China Daily during the sidelines of the ongoing session of the National People's Congress that the situation could be even worse than the fourth quarter last year.
          


          Zhu said it would take a long time for the steel industry to recover, despite the government's 4 trillion yuan stimulus package and industrial support plan.
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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