Overseas steel supply has fallen sharply while U.S. steel prices have reached a level last seen more than four years ago, as steel companies approach third-quarter earnings reports expected in the coming days and weeks.

Economy
Steel-sector third-quarter earnings reports are expected in the coming days and weeks.

Overseas steel supply has fallen sharply while U.S. steel prices have reached a level last seen more than four years ago, as steel companies approach third-quarter earnings reports expected in the coming days and weeks.
The Marketing segment reported 11.363 billion yuan in operating profit, up 3.801 billion yuan year over year.
Manufacturing output rose 0.3%, and capacity utilization reached 76.9%; September estimates are preliminary.
September’s monthly changes were 1.1% for imports and 2.2% for exports; the respective 12-month increases were 8.1% and 11.6%.