Steel And Aluminum Companies Have Made Progress
After merging with smaller rival Wuhan Iron to create the world's second-largest steel-maker, Baosteel Group said last week that net income last year is estimated to surge 770 percent
from 1.013 billion yuan in 2015.
According to China Iron and Steel Association, the country's steel sector registered a total
profit for the first eleven months last year of 33.16 billion yuan, turning it around from a loss of 52.91 billion yuan in 2015.