Major Privately-owned Steel Enterprises Gain 225% Surge in Profit-Shanghai Metals Market

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Major Privately-owned Steel Enterprises Gain 225% Surge in Profit

Industry News 08:49:08AM Dec 05, 2017 Source:SMM

SHANGHAI, Dec.5 (SMM)-According to Chamber of Metallurgical Industries, from January to September, 145 major privately-owned steel enterprises (accounting for 80% output of total domestic privately-owned steel enterprises) have gained sales revenue of 1.33 trillion yuan, rising 43.93% and profit of 93.2 billion yuan, surging 225% on yearly basis. Song Jijun, vice president of Heibei Provincial Chamber of Metallurgical Industries, says China’s steel industry is entering into a new profitable cycle from the bottom of industrial loss in 2015 and rebound in 2016. (Economic Information Daily)


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.
 

Key Words:  steel   profit 

Major Privately-owned Steel Enterprises Gain 225% Surge in Profit

Industry News 08:49:08AM Dec 05, 2017 Source:SMM

SHANGHAI, Dec.5 (SMM)-According to Chamber of Metallurgical Industries, from January to September, 145 major privately-owned steel enterprises (accounting for 80% output of total domestic privately-owned steel enterprises) have gained sales revenue of 1.33 trillion yuan, rising 43.93% and profit of 93.2 billion yuan, surging 225% on yearly basis. Song Jijun, vice president of Heibei Provincial Chamber of Metallurgical Industries, says China’s steel industry is entering into a new profitable cycle from the bottom of industrial loss in 2015 and rebound in 2016. (Economic Information Daily)


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.
 

Key Words:  steel   profit