(MENAFN) According to the Chinese National Development Reform Commission (NDRC), the country's crude steel production declined by 0.2 percent in November, Xinhua reported.
In the January-November period, crude steel output increase by 1.9 percent to 748.67 million tons, slowing by 5.9 percent over the same month a year ago when an increase of 4.2 percent was recorded.
Meanwhile, in the first ten-month period of 2014, combined profits in the industry decreased by 8.2 percent on-year to USD23.7 billion, the NDRC data showed.
The weak figures came amid indicators of slow economic activity, as the economy has expanded by 7.3 percent in the third-quarter, marking the slowest since the first quarter of 2009.
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