Chinese Hebei Steel Sees Net Profits for Jan-Sept

  • Thursday, October 17, 2013
  • Source:

  • Keywords:Chinese Heibei Steel Jan-Sept
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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.
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