China's ferrous smelting and rolling sector recorded a gross loss of 2.47 billion yuan ($0.36 billion) in January-February this year, compared with a gross loss of 1.55 billion yuan recorded in the same period in 2025, China's National Bureau of Statistics (NBS) announced on March 27.
Gross profit Automotive sector in the first two months of this year was 43.5 billion yuan ($6.3 billion), down 30.2% year-on-year.
At the same time, the ferrous metals mining and beneficiation sector, the metal processing sector and the railway, shipping, aerospace and other transportation equipment sectors recorded gross profit of 7.06 billion yuan ($6.2 billion), 18.09 billion yuan ($2.6 billion) and 17.28 billion yuan ($2.5 billion) in January-February this year, an increase of 15.9%, a decrease of 5.2% and an increase of 11.4% year on year, respectively.
During this period, the combined gross profit of China's large and medium-sized industrial enterprises was 1.02456 trillion yuan ($0.15 trillion), up 15.2 percent year on year.
$ 1 = RMB 6.9141
