Recently, Anshan Steel Group, TISCO Stainless Steel, Valin Steel and Shaoguan Steel Songshan have published their H1 2019 financial report. Net profit belonging to shareholders of listed companies is expected to respectively drop by 67.3%, 57.68-61.21%, 32.82-35.73% and 44.78%.
The four steelmakers all claimed in their report that sharp reduction of net profit is mainly caused by considerable rise of raw materials price and drop of steel prices.
(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358) |
