Chinese steel's profit margin lowest of all industries

China's steel attention is handling on the distinction margin reduce than all other industries rounded off 3.5 percent whilst the normal distinction margin of all industries is 6 percent, Luo Tiejun, the comparison official of the Ministry of Industry as well as Information Technology said.

Luo said the steel attention has seen distinction margins far next normal mainly owing to rising raw material costs as well as overcapacity.

He predicted that crude-steel expenditure as well as production will enlarge next year, but not on the large scale.

By Huang Beibei,People's Daily Online

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