Shougang Steel expects to record a profit for H1

In its preliminary financial report for the first half of the current year, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. has announced that it expects to record a net profit of RMB 0-10 million ($0-1.63 million) for the given period, with earnings per share of RMB 0-0.0019. In the same period last year, Shougang Steel had registered a net loss of RMB 268.94 million, with a net loss per share of RMB 0.0907.