Steel firms lose ground to retail in industry ranking

Affected by weakening domestic demand and falling prices, private-sector steel producers fell out of the top 10 positions on the top 500 private companies list, which was released by the China Non-government Enterprise League on Sunday.

Suning Appliance Co Ltd, Legend Holdings Ltd and Shandong Weiqiao Pioneering Group Co Ltd held the top three places.

The list is compiled by the league and two other statistics and management institutions.