In April this year, China’s large and medium-sized steelmakers achieved sales revenues of RMB 297.002 billion ($43.68 billion), with an aggregate gross profit amounting to RMB 9.418 billion ($1.385 billion), as announced by the China Iron and Steel Association (CISA).
In the January-April period this year, China’s large and medium-sized steelmakers achieved an overall sales revenue of RMB 1.153315 trillion ($169.6 billion), up 38.46 percent year on year, with an aggregate gross profit amounting to RMB 32.906 billion ($4.84 billion), compared to a gross loss of RMB 1.063 billion ($0.156 billion) in the same period of 2016.