Trade Resources Industry Views China's Iron and Steel Industry Earned 84.85 Billion Yuan,an Increase of 7.8 Percent

China's Iron and Steel Industry Earned 84.85 Billion Yuan,an Increase of 7.8 Percent

China's iron and steel industry earned 84.85 billion yuan ($13.87 billion) in the first seven months, an increase of 7.8 percent year-on-year, the National Development and Reform Commission said on its website on Wednesday.

The ferrous metal mining and dressing sector contributed 45.68 billion yuan of profit in the January-July period, down 7.2 percent year-on-year, the NDRC said in a monthly report on industrial operation.

China's crude steel output increased 7.8 percent to 521.84 million metric tons during the first 8 months, according to NDRC.

Source: http://news.chemnet.com/Chemical-News/detail-2161171.html
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Iron, Steel Industry Earnings up 7.8% in 1st 7 Months
Topics: Metallurgy