07
Jan
11:19
Jiugang targets stable profits in 2021
Jiuquan Iron & Steel (Jiugang) in Gansu Province of northwest China has announced its production target for 2021. The company expects to see stable profit in 2021, compared with CNY 1.01 billion ($156m) of profit in 2020, Kallanish notes.
According to Jiugang's internal data, Jiugang reached 234.4% of year-on-year increase for its profits in 2020. The steelmaker also expects to see around CNY 1 billion in profit in 2021, with operating revenue of CNY …
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