Hebei Steel warns of net profit plunge

Shanghai 08 February 2010 03:54

Newly formed Hebei Steel Group has forecast a net profit of 470-940 million yuan ($69-138 million) for 2009, down 60-80%, due to product prices falling faster than costs. Hebei Steel was formed only in late January, so the...

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Hebei Steel warns of net profit plunge

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