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China’s profits decline from Jan to April

China’s profits decline from Jan to April

Jun 17,2013

China’s steel industry saw its profit fall further in the first four months 2013, mainly caused by declining market prices and over-production.

The monthly profits of the steel industry from January to April were RMB 1.3bn (US$211.7M), RMB 1bn ($162.7M), RMB 260M ($42.3M), and RMB 150M ($24.4M), respectively.

 

China’s steel industry has seen losses in the steel businesses for six consecutive quarters since April 2011, with the third quarter of last year losing RMB 16.5bn ($2.687bn), the highest figure among the six quarters.

 

Source: China Metals e-mail infochn@public.bta.net.cn

 

 


 

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