SHANGHAI, Jul. 5 (SMM) – Profits at members of China Iron & Steel Association (CISA) fell in May on a monthly basis, but profits during the first five months of the year exceeded the full-year level of 2016, according to latest data from CISA.
China Iron Ore to Keep Upward Momentum, SMM Reports
The data showed profits at CISA members were 7.937 billion yuan in May, down 1.34 billion yuan or 14.4 per cent on a monthly basis. Profits amounted to 37.885 billion yuan from January to May 2017, higher than 33.15 billion yuan for the whole year of 2016.
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