China’s Top Steel Mills Warn on Outlook After Profit Rebound

  • ‘Industry prospects are not optimistic,’ Hesteel Co. says
  • While companies cautious, things ‘quite good,’ JPMorgan says

The good times in the world’s top steel producer may not last long. China’s biggest mills including Hesteel Co. Ltd. are warning that the improved conditions and rising prices in the first half that helped them to lift earnings may soon be about to give way.

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