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Half of the listed steel companies to extend profitability in 4Q
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Date:[11/25/2014] Source：Shandong Hai Steel Co.,Ltd
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Half of the listed steel companies to extend profitability in 4Q
Although the steel market is surrounded by gloomy climate and slumping iron ore and steel prices, more than half of the listed steel-making enterprises realized year-on-year growth in net profit in 3Q14, including Maanshan Iron & Steel Company Limited (Magang) and Angang Steel Company Limited (Angang), the emerging ones. It was agreed by several insiders that the vigorous trend would continue in 4Q14 amid declining iron ore prices and recovering capital situation of the steel makers.
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