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Shagang’s H1 profits leap on buoyant steel market

Jiangsu Shagang Co, the listed-arm of Shagang Group and headquartered in Zhangjiagang in East China’s Jiangsu province, gained a net profit of Yuan 647 million ($94.9 million) in the first half of 2018, up by a sizzling 242% on year, according to its interim report released on August 8. China’s largest privately-owned steelmaker said stronger steel prices and its own higher output were behind its good performance.
Jiangsu Shagang Co, the listed-arm of Shagang Group and headquartered in Zhangjiagang in East China’s Jiangsu province, gained a net profit of Yuan 647 million ($94.9 million) in the first half of 2018, up by a sizzling 242% on year, according to its interim report released on August 8. China’s

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