Chinese steel maker to shift product focus after profit fall

摘要

China Industrial Steel is to move up the production value change after posting a net income of 1.85m dollars in Q2, down 83% on the year due to lower sales volume and prices. The company's sales revenue dropped by a third to 146m dollars. Liu Shenghong, CEO and chairman, said: “This has been a challenging year for China's steel industry, and our company was not an exception.