Of the 80 companies polled by the China Iron and Steel Association (CISA), 44 posted losses in August.

FORBES: For China Steelmakers, Situation Worsening

This year, the China Iron and Steel Association was outspoken in its desire to see prices fall sharply, which throughout the spring seemed likely as demand wavered and spot prices sank.

ECONOMIST: Rio Tinto and China

Statistics from the China Iron and Steel Association showed that the biggest steel firms there have returned to profitability, but oversupply and a string of unprofitable months have made it a tough year for the industry.

FORBES: Connect

China's iron and steel industry association clamored Tuesday for a 40% cut in iron ore prices.

FORBES: Magazine Article