According to the
China Iron and Steel Association (CISA), in the January-November period last year the overall sales revenues of
China’s 88 large and medium-size steelmakers - all CISA members - totaled RMB 3.2917 trillion ($530.92 billion), down 2.03 percent year on year. In addition, the steelmakers in question achieved an aggregate net profit of RMB 24.4 billion ($3.94 billion) in the given period, up 51.57 percent year on year.