Profits at CISA Members in Jan.-May Exceed 2016’s Full-year Level

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. 

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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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