Shagang Group sees reduced net profit in January-October

Jiangsu Province-based Chinese steelmaker Shagang Group has announced that in the January-October period of the current year it registered an operating revenue of RMB 179.495 billion ($28.07 billion), down 12.3 percent year on year, with a net profit of RMB 1.79 billion ($0.28 billion) compared to the net profit of RMB 3.768 billion recorded in the same period of 2014.