According to the data released by Luo Bingsheng recently, an official from CISA, as the soft market demand and constant hiking costs for steelmaking ingredients went on in the past eleven months, the production and sales cost for China's medium and large steelmakers had been slashed colossally.
Concretely, in November of 2011, Chinese 256 medium and large steelmakers just made a total profit of 1.22 billion yuan, dropping by 180 million yuan month over month. Meanwhile, during the given period, the sales profit ratio just stood at 0.43%, making a new record low since last October.