Chinese steel's profit margin lowest of all industries
China's steel industry is operating on a profit margin lower than all other industries — roughly 3.5 percent — while the average profit margin of all industries is 6 percent, Luo Tiejun, a senior official of the Ministry of Industry and Information Technology said.
Luo said the steel industry has seen profit margins far below average mainly owing to rising raw material costs and overcapacity.
He predicted that crude-steel consumption and production will increase next year, but not on a large scale.
