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Magang sees huge loss of RMB1.9bln, whole industry in red
Aug 24, 2012  15:39:39
High cost, low price, high capacity and sluggish demand, the confliction in the steel market led to the meager profit even deficit of the whole steel industry. Magang issued its semiannual report, net profits attribute shareholders of the listed company arrived at RMB-1.893bln, down 710.44% YoY. As per the performance of the...

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