Shougang turn losses into gains in the first half of this year

Shougang released report shows that the operation revenue is 12.663 billion yuan in the first half of this year,and net profit is 9.36 million yuan, an increase of 109% comparing the same period of last year.Now turn losses into gains.

During the reporting period, the company's revenue decline was mainly owned to steel product prices fell.In the first half of this year,the company production of 3,824,200 tons of iron, completed 49.34 percent of the annual plan; steel output of 3,786,700 tons, completed 49.63 percent of the annual plan; production of 3,612,700 tons of steel complete the annual plan 50.46%. Production decreased stability resulting in iron, steel production has not completed the program.







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