摘要
＂Wuhan Iron ＆ Steel Group has no plan to cut output in the second half, since it has already trimmed production by 17 percent in the first half,＂ Deng Qilin, president of the third-largest steel group in China told CSJ. And according to Valin Steel＇s chairman Li Xiaowei, steel mills generally declined to cut output all because marginal profit is still there. ＂No steel mills want to trim production due to order books at hand, full liquidity and higher- than- costs prices,＇ said some senior market analysts. And once market price falls further, orders decrease, liquidity condition worsen, they will be forced to cut output.
