Shougang Steel returns to profit in January-September

In its preliminary financial report for the January-September period this year issued on October 8, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. has announced an estimated net profit of RMB 9.36-12.36 million ($1.52-2.01 million) for the given period, compared to a net loss of RMB 391 million ($63.5 million) recorded in the same period last year.