On August 8, Hubei Province-based Chinese steelmaker Daye Special Steel Co. announced that in the first half of the current year it saw a net profit of RMB 111 million ($18.11 million), down 41.24 percent year on year. Meanwhile, its operating revenue for the period was RMB 3.757 billion ($612.9 million), down 22.33 percent year on year.
Daye Special Steel Co. stated that in the first half of the year it mainly focused on expanding in the European and South Korean markets and on keeping its sales to North America stable.
Source:
http://www.steelorbis.com/steel-news/latest-news/daye-special-steel-posts-4124-fall-in-net-profit-for-h1-775954.htm
