According to CISA statistics, the 71 large and medium-size steelmakers in China gained RMB1.2 billion in May and RMB3.545 billion in June. While rejoicing, slightly, at those figures, one must bear in mind that in the first half of the year, two thirds of the medium to large-size establishments (24 over 5 million tons a year) had losses and six out of the 10 over 10 million tons per year mills suffered deficits.
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