Recently, a steel trader in Tangshan city in China revealed that the average profit for Tangshan steel mills is only around 20 yuan per ton. According to him, this equates to earning just 2 cents per kilogram of steel. This slim profit is almost negligible and could easily lead to losses. In such a cost-profit inversion, the survival pressure on steel companies is immense. Every production decision feels like walking on thin ice, as even a small fluctuation in costs could be detrimental to the company.
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