In November last year, China’s large and medium-sized steelmakers achieved sales revenues of RMB 264.893 billion ($38.11 billion), with an aggregate gross profit amounting to RMB 4.422 billion ($0.64 billion), as announced by the China Iron and Steel Association (CISA).
In the January-November period of last year, China’s large and medium-sized steelmakers achieved an overall sales revenue of RMB 2.509827 trillion ($0.36 trillion), down 4.36 percent year on year, with an aggregate gross profit amounting to RMB 33.146 billion ($4.77 billion) compared to a gross loss of RMB 52.906 billion in the same period of 2015.