Chinese steelmakers see improved profitability in January-October

Monday, 08 December 2014 18:08:08 (GMT+3)   |   Shanghai
       

According to the China Iron and Steel Association (CISA), in the January-October period this year the overall sales revenues of China's 88 large and medium-size steelmakers - all CISA members - totaled RMB 2.48 trillion ($403.91 billion), while they achieved an aggregate net profit of RMB 22.656 billion ($3.69 billion), compared with an aggregate net profit of RMB 14.043 billion ($2.29 billion) in the same period of 2013, with a net profit ratio of 0.75 percent.

In January-October period of this year, 21 of the 88 large and medium-size steelmakers recorded losses, with their combined losses amounting to RMB 9.014 billion ($1.37 billion), down 24.1 percent year on year.


Similar articles

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

CISA mills’ daily steel output down 0.51 percent in mid-March

26 Mar | Steel News

German crude steel output increases by 4.6 percent in January-February

25 Mar | Steel News

World crude steel output up 3.7 percent in February

22 Mar | Steel News

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

China’s crude steel output up 1.6% in Jan-Feb despite unexpectedly weak post-holiday demand

18 Mar | Steel News

CISA mills’ daily steel output down 3.38 percent in early March

14 Mar | Steel News

Ukraine’s pig iron output up 42.5 percent in January-February

12 Mar | Steel News

Ukraine’s Zaporizhstal increases its output in Jan-Feb

06 Mar | Steel News

CISA mills’ daily steel output up 1.38 percent in late February

06 Mar | Steel News