Ansteel expects 80.52 percent rise in net profit for Jan-Sept

Thursday, 11 October 2018 10:25:43 (GMT+3)   |   Shanghai

Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has announced that its net profit in the January-September period of the current year is expected to total RMB 6.847 billion ($1.0 billion), up 80.52 percent year on year.

Ansteel stated that China’s capacity cuts and environmental protection measures have exerted a positive impact on the steel market, while the company has also optimized its own products and management, contributing to the increase in its net profit in the given period.

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