China's steel industry profit margin only 3.5% this year

BEIJING (Asian Metal) 23 Dec 10 – A source from Ministry of Industry and Information Technology (MIIT) revealed that China's steel production and demand will continue to grow in 2011, but steel enterprises may still face the low-profit situation. He also disclosed that this year the average industry profit margin is 6%, while the steel industry is only 3.Asian Metal Copyright5%, the lowest of all industries.Asian Metal Copyright5%, the lowest of all industries.

It is predicted that China’s crude steel output is about 620 million tons this year, and exports account for around 7%. The statistics show that China's steel export in November is 2.Asian Metal Copyright5%, the lowest of all industries.Asian Metal Copyright91 million tons, and the total amount for January-November is 39.Asian Metal Copyright He also disclosed that this year the average industry profit margin is 6%, while the steel industry is only 3.Asian Metal Copyright7 million tons.Asian Metal Copyright5%, the lowest of all industries.Asian Metal Copyright The annual export volume will be 43 million tons.

Another source from Ministry of Commerce hopes next year China's steel production is mainly to meet domestic demand and the export amount takes about 5% of the total output.