• 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

Voestalpine AG announces its net profit up by more...
Finance and economy
06 Dec 2016 11:46
Germany ThyssenKrupp announces its sales performan...
Finance and economy
06 Dec 2016 11:30
US economy better than forecast will push steel ma...
Finance and economy
25 Nov 2016 11:41
AK Steel Q3 revenues drop by 2.6% ...
Finance and economy
22 Nov 2016 12:04
USS announces its revenue turns to positive in Q3...
Finance and economy
21 Nov 2016 08:51
Most Popular