In the January-April period of the current year, China’s private sector steelmakers achieved an aggregate gross profit of RMB 20.3 billion ($2.99 billion), compared to RMB 9.77 billion in the same period last year, as announced by Zhang Zhixiang, chairman of the China Chamber of Commerce for Metallurgical Enterprises (CCME).
China’s crude steel output in 2016 amounted to 808 million mt, up 1.2 percent year on year, with Chinese private sector steelmakers’ output accounting for 473 million mt of the total, up 2.9 percent year on year, as indicated by the CCME.