[Ferro-alloys.com] On January 20th, 2015, Kingray New Materials Science & Technology Co , Ltd (Kingray Science) released its preliminary earning estimate of 2014. In 2014, overall income of Kingray Science was RMB 1.30 billion (USD 0.21 billion), up 3.85% year-on-year. Profit attributable to shareholders of the listed company was - RMB 28.0 million, down 384.25% year-on-year. As the downstream steel industry continued to be in downturn, EMM demand was not prosperous. EMM price stayed in the low range and EMM products could hardly make profit.

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• [Editor:Mike.zhang]