[Ferro-Alloys.com] On March 25, Shagang Group announced the performance forecast for the first quarter of 2021. The company expects to achieve a net profit of 180-270 million yuan attributable to shareholders of listed companies in the first quarter of 2021, an increase of 83.16% - 174.74% year on year.

Affected by the rise of steel sales price and the year-on-year increase of sales volume, the company's operating revenue and gross profit of product sales were better than expected, resulting in a significant year-on-year growth in the first quarter of 2021, the company said.

On March 30, Ansteel Group issued the performance forecast for the first quarter of 2021. It is estimated that the net profit attributable to the shareholders of the listed company in the first quarter of 2021 will be 1.35 billion yuan, a year-on-year increase of 362%.

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