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Date: 2013-11-12

Chinese Iron and Steel Industry Earnings up by 7.8%

National Development and Reform Commission said that China's iron and steel industry earned CNY 84.85 billion (USD 13.87 billion) in the first seven months, an increase of 7.8% year on year.

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

According to NDRC, China's crude steel output increased 7.8% to 521.84 million metric tonnes during the first 8 months.


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