Shagang’s net income doubles in qtr. on steel price recovery

Oct 29, 2013 | 08:38 AM |

Tags  Shagang Group, quarterly earnings, steel, steelmaker

SHANGHAI — Shagang Group, China’s largest privately owned steelmaker, saw net income more than double in the third quarter compared with the same year-ago period.

Shagang’s net income in the July-to-September quarter totaled 6.1 million yuan ($1 million), according to its Oct. 29 financial filing with the Shenzhen Stock Exchange.....

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