Xinyu Iron and Steel sees profit up by 416.11% in H1
2017-08-29 17:56:40 [Print]
According to the semi-annual report released on August 24 from Xinyu Iron and Steel, the company produced 4
The company analyzed attributed the satisfactory result to the on-going national policy on capacity removal and the slight price increase for crude fuel.
. 27 million tons of pig iron, 4 . 33 million tons of steel and 4 . 09 million tons of billet steel, achieving operating income of RMB22 . 6 million, up by 83 . 69% YOY and net profit of RMB572 million, up by 416 . 11% YOY.
The company analyzed attributed the satisfactory result to the on-going national policy on capacity removal and the slight price increase for crude fuel.