• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Maanshan Steel 2011 profit misses estimate on demand

  • A
  • A
  • A
China’s Maanshan Iron & Steel Co (Magang) said that its net income for 2011 fell to RMB69.6 million, far missed the RMB337.5 million that estimated by analysts.

It’s known that the average profit margins for the Chinese steelmakers had dropped to a record low of 0.43% in November, and the margin would be further narrowed on economy policies.

The Chinese government has pared the annual economic growth target to 7.5% this year, which is a part of effort to lessen the economy’s reliance on investment and export.
News Date 29 Mar 2012 14:00:10 reported by Brian Lu

Russian Severstal announces its net profit increas...
Finance and economy
24 Aug 2016 11:32
Chile’s Codelco to implement cost-cutting measures...
Finance and economy
24 Aug 2016 11:17
Chinese Tianjin government may provide bailout fun...
Finance and economy
23 Aug 2016 09:53
United States Steel to refuse for Essar company ac...
Finance and economy
12 Aug 2016 11:53
French Central Bank forecasts France’s economic gr...
Finance and economy
12 Aug 2016 11:13
Most Popular