According to the Chinese CISA Metallurgical Association, the gross profit of large and medium -sized Metallurgy of the PRC in January - September 2013 amounted to 11.3 billion yuan or 1.8 billion US dollars. The profitability from the trade in ferrous metallurgy (profitability) was 0.41 percent, which is the lowest ratio in the Chinese industry.
Prices for metal products continue to remain at a low level, about 6 percent lower than at the beginning of this year. In addition, CISA predicts that steel production in China will decrease over the next months and the price of iron ore will become a key moment in the matter of profit or loss in metallurgy.
The gross profit of Chinese metallurgy in January - September 2013 amounted to $ 1.8 billion
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