[Ferro-Alloys.com]According to China Iron and Steel Association (CISA), the steel producers in the country experienced the worst year in 2015, with total losses in business surges 24 times from 2014 to over USD15.5 billion. 

Meanwhile, the country´s steel mills suffered a total loss of RMB64.5 billion in 2015, after a combined profit of 22.6 billion yuan in 2014.

Liu Zhenjiang, Party chief and secretary-general of CISA, said that the steel sector was in severe winter last year as overcapacity and tumbling steel prices squeezed profit margins.

• [Editor:Chen Zhen Seng]