November 2011 steel industry profit margins hit a new low

On January 16, 2012, Zhu Jimin, president of China Iron and Steel Association, said recently that after the lowest point in October 2011, the profitability of the steel industry in November 2011 reached a new low. In November, 256 Sinosteel member companies realized profits of only 1.22 billion yuan after the profit and loss of the month, a decrease of 180 million yuan from the previous month, and the average sales profit margin fell to 0.43 from 0.48% in the previous month.