Pangang Vanadium & Titanium expects H1 net profit of RMB 370-450 million

Monday, 17 July 2017 10:22:59 (GMT+3)   |   Shanghai
       

Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. (Pangang Vanadium & Titanium) has announced that it expects to register a net profit of RMB 370-450 million ($54.4-66.2 million) for the January-June period of the current year, compared to a net loss of RMB 836.29 million ($123 million) in the same period last year. 

The company stated that the rising selling prices of vanadium and titanium have contributed to its increased profitability.


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