|China's ferrous metal smelting and pressing sector's profit up 53.9% in Jan-Nov
China's ferrous metal smelting and pressing industry recorded a gross profit of RMB 124.20 billion in the first eleven months of 2013, reflecting a growth of 53.9% year on year, according to the latest data released by the National Bureau of Statistics.
Profit from core business increased 39% year on year to RMB 124.89 billion from Jan to Nov.
The industry saw its core business revenue rise 7.7% year on year to RMB 6.94 trillion in the eleven-month period.
The industry's value added output rose 7.8% year on year in Nov and grew 10.1% in the first eleven months.
China's crude steel grew 7.8 year on year to 712.86 million metric tons from Jan to Nov, and its output of steel products rose 11.5% to 978.78 metric tons.