Reportedly, the Chinese steelmaker Shougang announced that estimated net loss of RMB250~RMB300 million for the first half of this year, in comparison of net loss of RMB349.43 million in the same period of a year ago. It's known that the net loss was caused by sluggish steel sector in China even though Shougang adjusted its product structure and cut its costs.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65406&division=A6
