Steel mills’ prof­its up

Global Times US Edition - - BIZUPDATE -

Mem­bers of China Iron and Steel As­so­ci­a­tion (CISA) have achieved prof­its of 229.97 bil­lion yuan ($33.1 bil­lion) from Jan­uary to Septem­ber this year, a year-on-year in­crease of 86.01 per­cent, ac­cord­ing to a re­port CISA re­leased on Wed­nes­day.

CISA has a to­tal of over 100 steel mills mem­bers.

The re­port said that mem­ber com­pa­nies’ prof­itabil­ity have sur­passed the av­er­age level of the coun­try’s in­dus­trial sec­tor.

The re­sults also showed that the in­dus­try re­versed the long-term losses, the re­port noted. flight from Shen­zhen, in South China’s Guang­dong prov­ince, to Lon­don.

It was the first di­rect flight be­tween Shen­zhen and Lon­don. The in­ter­con­ti­nen­tal route will be served by Air­bus’s 330 wide-body air­craft and op­er­ate ev­ery Tues­day, Thurs­day and Sun­day.

Wang Jie, vice pres­i­dent of Shen­zhen Air­lines, said at the cer­e­mony that “the Shen­zhen-Lon­don route, the first long haul in­ter­con­ti­nen­tal route launched by us, is a cru­cial start­ing point for Shen­zhen Air­lines to step out into the world.”

He said the air­line would blos­som into an in­ter­na­tional air­line based in Shen­zhen, with its route net­work cov­er­ing Asia and the rest of the world.

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