Your location:  Home  >  Bearing News  >  China Market
<<  Back

The Whole Iron Steel Industry Experienced Loss in The First Quarter

Resource from:  CBCC Likes:2976
Apr 25,2012
This year, due to the weakening market demand, decline in steel prices and increases in raw materials and fuel prices, the Chinese steel industry witnessed significant decline in economic benefits. China Steel Industry Association announced that according to the statistics from key large and medium-sized steel enterprises, the total industrial output value was 785.067 billion yuan in the first three months of this year, with an increase of 0.24%; the sales income was 863.888 billion yuan, 0.95%declined; the profits was 15.184 billion yuan, 64.83% declined, wherein the negative profit was 1.034 billion yuan. Zhang Changfu, vice president and secretary general of China Steel Industry Association, said that the loss situation of the steel industry has changed from the loss of manufacturers to the loss of the entire industry, which is the first time ever since the beginning of this new century. According to him, the amount of loss in the first quarter was 9.098 billion yuan, with the loss up to 33%.
(CBCC)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.