Beijing-based Shougang sees 77.14 percent fall in net profit in H1

Beijing-based Chinese steelmaker Shougang Co., Ltd has announced that it registered an operating revenue of RMB 57.368 billion ($8 billion) in the January-June period this year, down 9.22 percent year on year, while posting a net profit of RMB 414 million ($58 million) in the given period, down 77.14 percent year on year.

$1 = RMB 7.1686