Shougang posts net loss for H1

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Publish time: 18th July, 2013      Source: ChinaCCM
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Reportedly, the Chinese steelmaker Shougang announced that estimated net loss of RMB250~RMB300 million for the first half of this year, in comparison of net loss of RMB349.43 million in the same period of a year ago.

It's known that the net loss was caused by sluggish steel sector in China even though Shougang adjusted its product structure and cut its costs.