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Liuzhou Iron and Steel Company sold 1Mt of steel products in October and earned itself a tidy profit of 216 million yuan (US$35 million), up 129 million yuan (US$21 million) from the same period last year.
While Shagang attributes its profits surge to much lower production costs and less energy usage or resource consumption, Chongqing Iron and Steel Company was forced to sell two subsidiaries and one piece of land for a total of 840 million yuan (US$135.7 million). The Chinese steelmaker has already sold a cold-rolled sheet asset for 350 million yuan (US$56.5 million yuan) and, for the period January to September 2014 has reported a loss of 1.5 billion yuan (US$242 million).
In 2015 demand for Chinese steel products is expected to increase 1.41% year-on-year to about 720Mt, according to the China Metallurgical Industry Planning and Research Institute (MPI).
金屬展-冶金展-2015廣州巨浪國際金屬暨冶金工業展覽會-亞洲最大金屬冶金展-巨浪展覽-The 16th
China(Guangzhou)Int’l Metal &MetallurgyExhibition
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