Handan Iron & Steel increases exports
Thursday, 22 July 2004 17:45:27 (GMT+3)
|
Handan Iron & Steel increases exports
Chinese steel producer Handan Iron & Steel Group reportedly increased export sales as domestic demand started to decrease following the measures taken by the government to slow down the economic growth.
Statistics indicate that Handan Iron & Steel exported 34'600 metric tons of high quality steel sheets to foreign countries in April-June period. The figure is stated to be the highest export volume Handan has reported in a three-month period.
Moreover, the company's output in the first six months of 2004 increased by 14.9% to 3.3 million tons against output recorded in the corresponding period of previous year. Again in the same period, net profit of the company amounted to Yuan 580 million (around $70 million), up by 14.3% against the same period of 2003.
Similar articles