Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China's major steel producers report losses in first 4 months
+ -
20:41, May 22, 2009

 Related News
 China considers setting iron ore price index
 NE China cement, steel firms slow down
 China has no intention of giving up setting iron ore benchmark price
 World Steel Association: China's steel use to go down 5%
 Chinese steel mills turn to more imported iron ore
 Related Channel News
· Global Financial Crisis
 Comment  Tell A Friend
 Print Format  Save Article
Twenty-nine large and medium-sized Chinese steel producers reported 5.18 billion yuan (762.46 million U.S. dollars) in aggregate losses in the first four months, the China Iron and Steel Association (CISA) said here Friday.

The 29 producers were among 72 surveyed by CISA, the association's vice chairman, Luo Bingsheng, said.

The 72 companies reported 575.59 billion yuan in revenue, down 18.9 percent year on year, Luo said. They paid 15.42 billion yuan in taxes, down 85.07 percent year on year, Luo said.

Losses were mainly caused by slumping domestic steel prices, Luo said.

Many producers have cut costs, and the production cost of steel dropped 13.75 percent in the first quarter, Luo said.

Source: Xinhua

  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Congress wins election in India
Controversy over China's first sex-theme park
Official fined for underage sex
Bias or information gap

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved