Anyang Iron & Steel expects to see net profits of RMB900-1,000 million from Jan to Sep
2017-10-09 11:42:34 [Print]
Anyang Iron & Steel announced on September 26 at night that from January to September it expects to see net profits belonging to shareholders of listed companies of about RMB900-1,000 million, up dramatically compared with RMB140
. 4 million during the same period of last year . According to the company, the net profits move up sharply mainly due to national supply-side structural reform . During the period, relative departments have been keeping eliminating intermediate frequency furnaces and inferior bars, leading to continuously improving management situation of iron and steel industry.