According to the China Iron and Steel Association (CISA), in September the average profit margin of domestic large and medium-size steel enterprises in China was 2.53 percent. For the first nine months of the current year, the aggregate profit margin in question was 2.99 percent.
In addition, the seventy-seven large and medium-size Chinese steel enterprises surveyed by the CISA achieved a total net profit of RMB 7.9 billion ($1.25 billion) in September this year, down 6.59 percent year on year. During the first three quarters, the aggregate net profit of these steel enterprises totaled RMB 82.34 billion ($13 billion), rising by 27.74 percent year on year.