Major Chinese mill H1 profits more than double on cheaper iron ore

Member mills of the China Iron & Steel Assn (Cisa), which are mainly medium- to large-sized steelmakers, more than doubled profits on an annual basis in the first half of this year.

Net profits totalled 7.48 billion yuan ($1.2 billion) during January-June, an increase of 4.28 billion yuan ($693 million), according to data released by the industry body on Friday August 1....


August 01, 2014

07:54 GMT