Chinese Chalco & Angang may see profit down in 2011
According to report, China’s Aluminum Corp and Angang Steel Co. see their profit may hurt in 1011.
Chalco said it saw higher electricity costs and dropping aluminum prices would reduce its 2011 net profit by more than 50%.
China’s Angang reported it may experience net loss of 2011 as steel product prices slump a lot in the fourth quarter.
News Date 31 Jan 2012 16:29:54 reported by Judy Lin