Based on the latest data from the China Iron and Steel Association (CISA), in April this year the aggregate gross profit of large and medium-sized steel enterprises in China totaled only RMB 1.79 billion ($284.13 million), down from RMB 2.084 billion ($330.79 million) in March and declining by 96.65 percent year on year. In April, the aggregate gross loss of the 17 loss-incurring enterprises among the enterprises in question totaled RMB 1.96 billion ($311.11 million).
In April, large and medium-sized steel enterprises in China achieved a total sales revenue of RMB 316.66 billion ($50.26 billion), decreasing by 0.8 percent year on year.