U.S. Markets closed
  • S&P 500

    3,900.11
    -11.63 (-0.30%)
     
  • Dow 30

    31,438.26
    -62.42 (-0.20%)
     
  • Nasdaq

    11,524.55
    -83.07 (-0.72%)
     
  • Russell 2000

    1,771.74
    +6.01 (+0.34%)
     
  • Crude Oil

    110.11
    +0.54 (+0.49%)
     
  • Gold

    1,824.00
    -0.80 (-0.04%)
     
  • Silver

    21.17
    +0.00 (+0.01%)
     
  • EUR/USD

    1.0586
    +0.0028 (+0.2647%)
     
  • 10-Yr Bond

    3.1940
    +0.0690 (+2.21%)
     
  • Vix

    26.95
    -0.28 (-1.03%)
     
  • GBP/USD

    1.2266
    -0.0003 (-0.0270%)
     
  • USD/JPY

    135.3900
    +0.2200 (+0.1628%)
     
  • BTC-USD

    20,816.17
    -516.59 (-2.42%)
     
  • CMC Crypto 200

    455.80
    -6.00 (-1.30%)
     
  • FTSE 100

    7,258.32
    +49.51 (+0.69%)
     
  • Nikkei 225

    26,871.27
    +379.30 (+1.43%)
     

China Precision Steel Q4 sales volume decreased 3.9% to 47,212 tons from 49,104

Average selling price per ton declined 15.0% from $938 to $797, period-on-period. The decrease in revenue and sales volume period-on-period is primarily due to softening demand for the company's high carbon, cold-rolled steel used in the production of automobile components, due to a slowdown of the Chinese automobile industry during the year, combined with the decrease in average selling price.