Terms & Conditions | Privacy Policy | Mysteel.com
Events
About Us
  • Home
  • /
  • Market Insights
  • /
  • News
  • /
  • Article

FLASH: Chinese machinery makers' profits up 12% YoY in Jan-Apr

Source: Mysteel Jun 02, 2023 11:15
Share this with
X linkedin WeChat Copy this link
Steel Demand
Over January-April, China's machinery sector recorded a 12% on-year growth in gross profits to reach Yuan 439.7 billion ($61.9 billion), contributing to 21.6% of total profits earned by the country's sizable industrial firms, according to the new data released by China Machinery Industry Federation (CMIF) via its official website on late June 1.
In tandem, the operating revenue of China's machinery manufacturers increased 9.9% during the same period to Yuan 8.7 trillion, accounting for 21.1% of the country's sizable industrial enterprises' total revenue, the data showed.   "Both the growth rates of (machinery makers') revenue and profits were higher than those of (other) industrial

To read the full article take a free 7-day trial to Mysteel Global

To view this content

Free Trial

+65 6939 6700 globalsales@mysteel.com

You May Also Like
  • MYSTEEL: China stainless prices to slide in Q2 after Q1 rally

    Apr 01, 2026 17:30

  • MYSTEEL: Chinese steel prices to rise further in April

    Apr 01, 2026 17:00

  • CSLPC: Recovery after CNY break lifts China's steel PMI in March

    Mar 31, 2026 15:30

  • DAILY: China's rebar prices, sales both improve

    Mar 31, 2026 10:35

  • WEEKLY: Global ferrous news summary

    Mar 30, 2026 15:04

Price Curve
Daily Prices
  • Square billet prices: China's major cities

    Apr 01, 2026 18:35

  • Square billet EXW prices: Tangshan major mills

    Apr 01, 2026 18:33

  • Major steel product prices: Guangzhou

    Apr 01, 2026 17:29

  • Wire rod prices: China's major cities

    Apr 01, 2026 17:29

  • Bar-in-coil prices: China's major cities

    Apr 01, 2026 17:29

Terms & Conditions Privacy Policy Contact Us Mysteel.com
©2026 Mysteel Global Pte Ltd. All rights reserved. ICP BeiAn No. 沪ICP备15006920号-6
Mysteel Global WhatsApp business account
Customer Service: globalsales@mysteel.com