According to data released by China's National Development and Reform Commission (NDRC), the aggregate gross profits realized by the Chinese iron and steel industry totaled RMB84.85 billion in the first eight months of this year, rising by 7.8% year on year. Among them, the aggregate gross profit of China's ferrous metal mining sector was at RMB45.68 billion, falling by 7.2%; that of Chinese iron and steel smelting and processing sector was at RMB31.8 billion, soaring by 37%, both compared to the figures in the same period of 2012.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66416&division=A6
