HomeProduct Complimentary download Chinese Hebei Steel sees net profits for Jan-Sept

Chinese Hebei Steel sees net profits for Jan-Sept

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Publish time: 17th October, 2013      Source: ChinaCCM
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The Chinese steelmaker Hebei Steel estimated a net profit of RMB36.74~RMB146.9 million for January-September, slumping by 60%~90% year on year.

Hebei Steel said that the slump in net profits was caused by the imbalance between demand and supply and the decreased prices of finished steel products.