A second credit agency has lowered by a notch its rating of the ArcelorMittal-linked company, in light of persisting weakness in the Chinese steel industry and poor profitability shown by China Oriental in 2012 and 2013. H-sections, billets and rebar account for more than half of the company's steel production revenue (55% in H1 of last year), which puts it at a disadvantage as the government is steering the economy aware from infrastructure development towards sheet-steel friendly consumption.
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