Steel firms see profit surge in H1

Source:Xinhua-Global Times Published: 2018/9/9 18:53:40

China's listed steel firms reported a surge in earnings in the first half of this year amid continued government efforts to cut overcapacity in the sector.

Steel companies listed on the Shanghai Stock Exchange reported combined profits of 29.6 billion yuan ($4.34 billion) in the first half, up 134 percent year-on-year, data from the exchange showed.

Total revenue of these companies reached 426.5 billion yuan, up 15 percent year-on-year.

Posted in: COMPANIES

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