HomeProduct Complimentary download Masteel posts net loss for H1

Masteel posts net loss for H1

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Publish time: 27th August, 2013      Source: ChinaCCM
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The Chinese steelmaker Masteel released its financial result for the first half of this year.

In the first half of this year, Masteel realized operating of RMB36.953 billon, falling by 8.95% year on year.

Meanwhile, Masteel posted a net loss of RMB330 million for the first half of this year, improving from a net loss of RMB1.893 billon in the same period of the previous year.

Besides, Masteel's production of pig iron, crude steel and finished steel totaled 6.71 million tons, 6.94 million tons and 6.62 million tons, rising by 2.6%, 5.15% and 4.25% year on year respectively.