Major Chinese steelmakers reported a sharp rebound in profits for the first half of this year, with combined profits of RMB 228.6 billion ($35.1 billion), up a staggering 220% from a year earlier, according to data furnished by the China Iron and Steel Association (CISA). Combined revenues of steel producers in China stood at RMB 3.46 trillion - 51.5% higher than the corresponding period last year.
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