China's steelmakers profitability to rise in Q2 vs Q1

BEIJING: China's steel sector is expected to see improving profit margins in the second quarter from the first quarter, but shrinking credit and rising environmental costs would limit profit growth, the China Iron & Steel Association (CISA) said on Monday.

CISA also called on the government to take strong action to punish those responsible for building new capacity and to implement tougher environmental controls, Zhang Changfu, CISA's vice chairman, told a news conference in Beijing. – Reuters