Jan-Aug profits for non-ferrous metals processing fall 13.8% YoY

Published: Oct 11, 2018 15:32

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From Jan to Aug, profits slid 13.8% across non-ferrous metals smelting and rolling industries above a designated size

SHANGHAI, Oct 11 (SMM) – From January to August, profits slid 13.8% year on year across non-ferrous metals smelting and rolling industries above a designated size, showed data from the National Bureau of Statistics (NBS).

Processing industries, including smelting and rolling, across ferrous metals, saw their profits increase 80.6% on a yearly basis during the first eight months.

During the same period, profits across auto manufacturing fell 2.1%, while that of petroleum and natural gas extraction industries turned 5.4 times from a year ago.

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