[Ferro-Alloys.com] "Factors including weak demand, lower prices of industrial products and rising costs led to the fall in profits," said NBS senior statistician Zhu Hong.

Taiyuan Customs said Shanxi's exports totaled 80.69 billion yuan, down 0.4 percent, and imports increased by 14.6 percent to 64 billion yuan.

EUROFER announced that real steel consumption in EU fell by 1.6% YoY in the third quarter of 2019 and stood at 38.5 million tonnes. The continued slowdown in production activity of steel-using sectors, coupled with reduced steel intensity, led to a fall of 1.6% YoY in real steel consumption in the third quarter of 2019, continuing along the trend already observed in the second quarter (-0.9%). The ongoing economic slowdown and business uncertainty have continued to result in decreasing steel intensity. This implies that the ratio of steel consumption to steelweighted production in steel using industries has continued to decrease. That is to say, during market downturns this leads to a reduction of the steel content in the final output per unit in the steel using sectors.

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• [Editor:kangmingfei]