Reportedly, the Chinese steelmaker Ansteel estimated a net profit of RMB765 million for the January-September, in comparison of a net loss of RMB3.17 billion for the same period of 2012. Ansteel said that the company has achieved a profit by reducing costs and improving its products, in spite of fierce price competition in the Chinese market and decreased price of finished steel.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66670&division=A6
