Chinese Ansteel Sees Net Profits for Jan-Sept

  • Wednesday, October 16, 2013
  • Source:

  • Keywords:Chinese Ansteel Jan-Sept
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Reportedly, the Chinese steelmaker Ansteel estimated a net profit of RMB765 million for the January-September, in comparison of a net loss of RMB3.17 billion for the same period of 2012.
 
Ansteel said that the company has achieved a profit by reducing costs and improving its products, in spite of fierce price competition in the Chinese market and decreased price of finished steel.
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