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.