China’s Ansteel posts lower operating income in H1 2023
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Update time : 2023-09-04 15:32:36
China’s Ansteel Group reported that the company’s operating income was CNY 58.83 billion in the first half of this year, falling by 16.3% compared to the same period a year ago. The net loss attributable to shareholders was CNY 1.346 billion, compared to a profit in the year-ago period.
During the period, the output of iron, steel, and materials totaled around 13.22 million tons, 13.83 million tons, and 12.62 million tons, up by 0.72%, up by 2.44%, down by 0.35% year on year, respectively.
Meanwhile, the sales of steel products reached approximately 12.79 million tons, a year-on-year decrease of 1.95%.
