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Print[Ferro-alloys.com] According to the latest data of China Iron and Steel Association (CISA), profit of Chinese steel industry is much higher than last year. It was estimated overall profit might be ten times more than 2012. It was analyzed the profitability gap among different mills was mainly reflected on risk management.
In January-September 2013, overall profit of the largest steel companies was RMB 11.3 billion. At the same period last year, overall loss was RMB 6 billion.
CISA said macro economic situation continued to improve and national regulation on steel industry gradually took effect. Judging from the fundamentals, profit of steel industry would reach RMB 21 billion in 2014, 12 times last year’s RMB 1.58 billion.
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