Shagang Co. Ltd expects 20-50 percent rise in net profit for 2014
Jiangsu Province-based Chinese steelmaker Shagang Co. Ltd, the listed subsidiary of Shagang Group, has issued its revised preliminary financial report for 2014, stating that it expects to register a net profit of RMB 34-42 million ($5.5-$6.8 million) for the given year. This represents an increase of 20-50 percent compared to the previous year.
Similar articles
Turkish merchant bar export prices rise further amid higher production costs on April 3
03 Apr | Longs and Billet
SSAB secures low-carbon ferromolybdenum supply to support green steel production
03 Apr | Steel News
Iran’s Mobarakeh Steel confirms complete shutdown after second US-Israeli strike
03 Apr | Steel News
Egypt ends AD probe on CRC, coated steel imports from China and Turkey without duties
03 Apr | Steel News
Uğur Dalbeler: Three key factors will shape the future of the global steel industry
03 Apr | Steel News