Net Profits of 7 Steel Plants Exceed 1 Billion Yuan

Data shows up to Oct.12th, 17 steel plants have released performance projection for first three quarters. Except *ST Shanghai Broadband Technology Co continues to incur loss, the rest companies all gain profits, seven of which are expected to gain more than 1 billion yuan. 钢铁

Concerning future tendency of steel companies, National Development and Reform Commission said previously, it will take actions in six aspects including promoting annexation and reorganization of enterprises vigorously and facilitate DE-capacity of steel industry. (China Securities Journal)

Source: SMM