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Mar.28.2024 1USD=7.0948RMB
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Net Profit of Shandong Steel Rises 9.47% YoY in 2018

https://en.steelhome.com [SteelHome] 2019-03-29 14:53:33

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According to 2018 Annual Report, Shandong Steel achieves 55.908 billion yuan business incomes, up 16.72% on year.

For production, the company produces 9.11 million tons pig iron, 10.31 million tons crude steel, and 10.01 million tons steel in the whole year 2018.

For the year 2019, it is expected to produce 11.30 million tons pig iron, 13.25 million tons crude steel and 13.15 million tons steel.

A brief introduction for Shandong Steel

Launched on 17 March 2008, Shandong Iron & Steel Group Co., Ltd, here short for SISG.

SISG has always been focusing on the production of high-end, high-quality and efficient products. The main steel products of SISG include plates, hot-rolled coils, cold-rolled coils, H sections, high-quality steel, special steel, hot rolled ribbed bars, etc.

They are broadly used in the fields of automobile, petroleum, railway, bridge, construction, electricity, transport, machinery, ship building, light industry, home appliance, and sold in dozens of countries and areas such as the U.S., Britain, Germany, India, Japan and the Republic of Korea. SISG is a major producer of steel plates and H sections in China.

(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358)
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