Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Angang Steel Suffers RMB 2.15-Bln Loss in 2011

Angang Steel Suffers RMB 2.15-Bln Loss in 2011

Mar 29, 2012 10:12

Source:SMM

Angang Steel Co Ltd, a leading Chinese steel producer, announced yesterday that it booked a loss of RMB 2.15 billion last year, whereas it earned RMB 2.04 billion in 2010.

Mar. 28, 2012 (China Knowledge) - Angang Steel Co Ltd, a leading Chinese steel producer, announced yesterday that it booked a loss of RMB 2.15 billion last year, whereas it earned RMB 2.04 billion in 2010.

Losses per share were RMB 0.297 in 2011. The steel maker attributed the huge loss to larger increases in the prices of raw materials and fuels than rises in prices of steel products as well as a decline in sales volume.

The company's operating revenue fell 2.17% year on year to RMB 90.42 billion last year.

Shenzhen-listed steel maker SGIS Songshan Co Ltd, a subsidiary of Guangzhou-based Shaoguan Iron & Steel Group Co Ltd, yesterday reported a loss of RMB 1.14 billion for 2011. The firm's operating revenue jumped 21.44% year on year to RMB 22.87 billion in the period.

Angang Steel

steel

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

One Steel Mill in Guangxi to Cut Hot-Rolled Coil Output by 30% amid Dual Energy Consumption Control

Affected by the dual control of energy consumption and the power rationing policy, a steel mill in Guangxi will reduce its hot rolled coil output by about 30% in October, and the same proportion of customer orders for the month will be adjusted.

time

Sep 28, 2021 13:56

One Steel Mill in Guangxi to Cut Hot-Rolled Coil Output by 30% amid Dual Energy Consumption Control

General Administration of Customs: China’s Rare Earth Exports Surged 140%, Copper Imports Fell 41.07% YoY in Aug

China's import volume of unwrought copper and copper semis in August were 393,900 mt, a year-on-year decrease of 41.07%, and a month-on-month decrease of 7.2%. The imports from January to August were 3.61 million mt, a year-on-year decrease of 15.4%.

time

Sep 7, 2021 14:42

General Administration of Customs: China’s Rare Earth Exports Surged 140%, Copper Imports Fell 41.07% YoY in Aug

Steel News Roundup （Sep 6）

This is a roundup of news in the steel industry for last week.

time

Sep 6, 2021 11:19

Steel News Roundup （Sep 6）

China Steel Companies’ Low Carbon Cooperation Scheme with Foreign Mining Giants

The steel industry plays an important role in leading global low-carbon development and addressing climate change under the carbon neutrality target. And as traditional processes are reaching their carbon reduction limits, the steel industry must achieve breakthrough technologies in order to realise this target. In the future, hydrogen metallurgy will become the new windfall for the steel industry. This article will giver an overview of the key cooperation projects between international mines and China steel companies in the field of low carbon technology.

time

Jul 28, 2021 12:02

China Steel Companies’ Low Carbon Cooperation Scheme with Foreign Mining Giants

World crude steel output declined further in May

According to the most recent statistics published by the World Steel Association, the crude steel production by 65 member countries was 139.308 million tonnes (Mt) in May this year.

time

Jun 23, 2015 19:28

Steel Processing market worth $642.43 Billion by 2020

The Global Steel Processing Market is projected to be around $642.43 Billion by 2020 growing at a CAGR of 2.16% from 2015 to 2020.

time

Jun 9, 2015 09:20

EU-28 crude steel production sees slight recovery in April

According to the recent data published by the World Steel Association (World steel), the crude steel production by EU-28 countries were up marginally by 0.3% during the month of April year-on-year.

time

May 27, 2015 14:00

Steel demand on South Korean HRC mills is subdue: MEPS

Steel demand on South Korea’s hot rolled coil mills is subdued, amidst an inflow of low-priced imports from China and a slowing economic recovery, said MEPS International.

time

May 13, 2015 10:13

Europe's crude steel output registers significant drop in Dec '14

According to the recent data published by the World Steel Association, the crude steel production by EU-28 countries slipped considerably by 5.7% during the month of Dec '14 year-on-year.

time

Jan 28, 2015 17:45

NMDC sales connects to steel demand

The recently seen flat trends in the steel industry seem to have had an adverse effect on the iron ore sale of the company, along with that, the iron ore imports have also been noted to be increasing.

time

Jan 7, 2015 10:30

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.