• 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

Seven countries call for EU action to help steel i...
Finance and economy
09 Feb 2016 16:44
Peru Aceros Arequipa announces its net income grow...
Finance and economy
02 Feb 2016 11:01
Germany metals turnover fall in last November m-o-...
Finance and economy
01 Feb 2016 10:20
South Africa basic PPI rises in last December ...
Finance and economy
01 Feb 2016 10:16
U.S. Steel Corp. announces its revenues fall in Q4...
Finance and economy
29 Jan 2016 11:45
Most Popular