Chongqing Steel’s net profit increase by 2122.44 percent in H1

Monday, 30 August 2021 10:49:57 (GMT+3)   |   Shanghai

Chongqing Iron and Steel Co., Ltd. announced that it has registered an operating revenue of RMB 22.67 billion ($3.5 billion), while posted a net profit of RMB 2.697 billion ($0.42 billion), up 2,122.44 percent year on year. 

During the given period, Chongqing Steel’s finished steel sales amounted to 4.7542 million mt, up 51.55 percent year on year. 

The company said the rising finished steel prices contributed to the improvement in its net profit. 

$1 = RMB 6.4677

Most Recent Related Articles

China’s steel sheet and plate exports in Sept up 54.1% y-o-y, down from Aug

NBS: China’s crude steel output down 21.2 percent in September

Chinese steel sector’s industrial output up five percent in Jan-Sept

China’s HBIS expects 98.23-106.85% rise in net profit for Jan-Sept

NBS: Local Chinese rebar prices up 3.8 percent in early October