Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Economy
 Search News  Or
China's steel industry's revenue up 2.55% in Oct

Dec. 4, 2012 (China Knowledge) - Eighty large and medium-sized steel enterprises in China realized RMB 297.45 billion in total sales revenue last month, 2.55% more than in the same period of last year, sources reported.

In October, the country saw its steel industry earn a combined net profit of RMB 307 million, and this is the first time China's steel industry swings to profit since May 2012.

The industry's profit margin on sales was only 0.1% in the month and twenty-one or almost one fourth of these steel firms suffered loss in October.

In the first ten months of this year, China's steel industry suffered a net loss of RMB 5.22 billion, compared with a net profit of RMB 84.9 billion it realized in the corresponding period of 2011. Thirty-one of these steel firms suffered loss in the ten-month period.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved