英语文摘：Weak bank shares drive Chinese stocks down Tuesday

Steel shares also helped drag the market down after Luo Bingsheng, vice chairman of the China Iron and Steel Association (CISA), told a news briefing Tuesday China's steel industry will face "pressures" in the second half as production costs increase and steel prices decline.

Luo forecast steel prices to drop amid the sector's oversupply.

Inventory of five major steel products in 22 large- and medium-sized Chinese cities hit 10.8 million tonnes at the end of June, up 34.16 percent from the beginning of the year, according to the CISA.

Xinjiang Ba Yi Iron and Steel Co. lost 3.58 percent to 11.58 yuan and Gansu Jiu Steel Group Hong Xing Iron and Steel Co. dipped 3.43 percent to 9.58 yuan. Enditem

将本页收藏到：
上一篇：英语文摘：Geithner promises to bring clarity to new rules of finance
下一篇：英语文摘：Wall Street dips, dollar falls on weak economic data

※相关链接※

• ·哪种语言最难学？外媒做了个排名，
• ·夏日炎炎吃西瓜：西瓜对健康居然有
• ·英语文摘:Xi, Putin to witness op
• ·英语文摘:China hits 400 mln vacc
• ·欧美文化:Feature: UK takes big s