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Most Chinese Steel Mills Posted Lower Profits In First Quarter Except for Two Companies

Most Chinese Steel Mills Posted Lower Profits In First Quarter Except for Two Companies
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Most Chinese Steel Mills Posted Lower Profits In First Quarter Except for Two Companies_SMM

Of the 26 listed iron and steel smelting companies in the first quarter of this year, 24 reported declining profits or increasing losses. Maanshan Iron & Steel Co., Ltd. (600808.SH) and Taigang Stainless Steel (000825.SH) reported losses, with a quarterly loss exceeding 500 million yuan.

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