China steelmakers expecting weaker results
Feb 01, 2013 | 11:38 AM
|
Tags
China steelmakers,
Hebei Iron & Steel,
Anshan Iron & Steel,
Magang,
earnings results
SHANGHAI — Three of China’s biggest steelmakers have warned that they expect poor 2012 earnings, blaming weak demand and lower steel prices amid China’s economic slowdown last year.
Hebei Iron & Steel Group Co. Ltd. said its net profit could drop by as much as 99 percent, while Anshan Iron & Steel Group Corp. and Magang (Group) Holding Co. warned of net losses.....
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