On February 10, the
China Iron and Steel Association (CISA) announced that, of
China's 88 large and medium-size steelmakers - all CISA members - 75 achieved profits in 2014, while 13 recorded losses, which was four less compared to 2013. The steelmakers in question achieved an aggregate net profit of RMB 30.444 billion ($4.91 billion) in the given year, up 40.36 percent year on year, constituting the highest level in the past three years and higher than the average level of the past 22 years. In addition, at the end of 2014 the average asset-liability ratio of CISA members was at 68.34 percent - the lowest level in the past two years.