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Gansu Jiu Steel Group Hongxing Iron & Steel issues FY 2014 Q1 net profit outlook

Friday, 11 Apr 2014 08:00pm EDT 

Gansu Jiu Steel Group Hongxing Iron & Steel Co Ltd:Sees net profit for the first quarter of fiscal year (FY) 2014 to be about -412 mln yuan.The net profit of the same period in FY 2013 was 182,720,288.42 yuan.Comments that decreased demands from steel market and decreased steel price as the main reasons for the forecast. 

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