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Chinese steel companies’ profits decline by 91.3% in 2022

In 2022, among 41 industrial sectors in China, 21 saw a year-on-year rise in gross profit, while 19 saw a decline, and one sector turned from a loss into a profit, as announced by China’s National Bureau of Statistics (NBS) on January 31.

In 2022, the ferrous metal smelting and rolling sector reported a total profit of 36.55 billion Yuan (5.4 billion US dollars), down 91.3% year on year, and 3.2% slower than the pace of decline recorded in the January-November period.

The auto sector reported a total profit of 531.96 billion Yuan ($78.8 billion) in 2022, up 0.6 per cent year on year, up 0.3 per cent from the rate of increase recorded in the first 11 months of last year.

Meanwhile, the ferrous metal mining and processing sector, metallurgy manufacturing sector, railway, freight, aviation and other transportation equipment manufacturing sector reported total profits of 59.49 billion Yuan ($8.8 billion), 206.57 billion Yuan ($30.6 billion) and 76.87 billion Yuan ($11.4 billion), down 22.0%, down 10.5% and up 44.5% year-on-year, respectively.

In 2022, the total gross profit of large and medium-sized industrial enterprises in China reached 8.40385 trillion Yuan ($1.24 trillion), down 4 per cent year on year.

1 dollar = 6.7492 Yuan




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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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