Debt soars at biggest Chinese mills in qtr.
May 14, 2013 | 11:23 AM
SHANGHAI Debt held by Chinas 86 largest steelmakers grew 6.3 percent in the first quarter to about 3 trillion yuan ($484 billion), underlining the tough state of market conditions.
Mills face increasing risks from a high debt-to-asset ratio, fueled by an expanding volume of short-term loans in the first quarter, a senior industry analyst said in a report published on the China Iron and Steel Associations (Cisas) website.....
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