Metal Products News
- Laiwu Steel profit up 79.56 percent
Date: 26-Mar-2007 Sources: (Shenzhen Daily)
LAIWU Steel Corp. said Friday its net profit in 2006 surged 79.56 percent to 746.04 million yuan (US$96.51 million) due to higher market demand and strong exports of its steel and steel products.
The Shanghai-listed company said it produced 5.465 million tons of pig iron last year, up from 3.849 million tons in 2005, though output of steel fell to 5.722 million tons from 6.04 million tons.
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