According to the
China Iron and Steel Association (CISA), in July this year the aggregate net profit of the 77 large and medium-size Chinese steel producers which are members of the CISA totaled RMB 8.588 billion ($1.34188 billion), down RMB 4.717 billion ($737.03 million) or 35.45 percent compared with RMB 13.305 billion ($2.079 billion) in June.
In the January-July period of the current year, the aggregate net profit of the 77 mills in question totaled RMB 65.208 billion ($10.189 billion), reflecting an increase of 20.6 percent year on year.