Masteel expects 75.44 percent rise in net profit for 2020

Monday, 01 February 2021 11:55:18 (GMT+3)   |   Shanghai

Anhui Province-based Chinese steel producer Ma’anshan Iron and Steel (Masteel) has announced that its net profit for 2020 is expected to amount to RMB 1.979 billion ($0.31 billion), up 75.44 percent year on year.

The company said its outputs of pig iron, crude steel and finished steel increased, resulting in a better business performance in 2020.

$1 = RMB 6.4623

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