December 03, 2008

Chinese steel makers H1 profit up by 108% YoY

China Iron and Steel Association said that China's 77 major steel companies have posted a combined profit of CNY 78.27 billion in the January to June 2007 period up by 108.75% YoY from a year earlier while they had a combined revenue of CNY 921.26 billion during the same period up by 34.89% YoY.

China’s steel product prices in the January to June 2007 period have been rising steadily with price index at CNY 110.71 at the end of June 2007 up by 5.29% from January 2007.

(Sourced from MySteel.net)