The large and medium-size steel enterprises in China posted net loss of RMB1.97 billion for the first 11 months of 2012, according to the China Iron and Steel Association (CISA).
In the first 11 months of 2012, the total sales revenues realized by the steel enterprise in question totaled RMB3.244 trillion, decreasing by 5.37% year on year.
In the given period of time, the pre-tax profits totaled RMB66 billion, slumping by 5.773 billion year on year.