Date: 2013-08-13

Daye Special Steel Posts 41.24% Fall in Net Profit for H1

On August 8, Hubei Province based Chinese steelmaker Daye Special Steel Co announced that in the first half of the current year it saw a net profit of RMB 111 million (USD 18.11 million), down 41.24% year on year. Meanwhile, its operating revenue for the period was RMB 3.757 billion (USD 612.9 million), down 22.33% year on year.

Daye Special Steel Co stated that in the first half of the year it mainly focused on expanding in the European and South Korean markets and on keeping its sales to North America stable.

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