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Home / Metal News / Mining Industry Gained 324.89 Billion Profit, Rising 5.9 Times

Mining Industry Gained 324.89 Billion Profit, Rising 5.9 Times

Oct 11, 2017 10:34

Source:SMM

Mining industry gained 324.89 billion profit, rising 5.9 times during January to August compared with same period of last year.

SHANGHAI, Oct. 11 (SMM)－Mining industry gained 324.89 billion profit, rising 5.9 times during January to August compared with same period of last year. Ferrous metals smelting and rolling processing industry rose 44.8%, general equipment industry rose 16.9%, specialized equipment industry rose 22.7%, and automobile industry rose 11.7%.

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The profits of the mining and raw material manufacturing industry increased by 1.84-fold and 39.6% year-on-year, respectively, in August, which were well above the average level of industries above designated size, said Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics (NBS).

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Mining Industry Gained 324.89 Billion Profit, Rising 5.9 Times

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APAC (9th) Stainless Steel Industry Conference 2024

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