Steel enterprises performance less losses trend 

Till yesterday, there are 20 listed steel enterprises announced their third quarter preformance report in 2013. Five enterprised losses and fifteen enterprises profit.This result stated the less losses trend appear obviously compared with 2012 year when nearly 90% steel enterprises losses.

The first three quarters, Baosteel gained net profit 4.6 billion yuan, continue to "thriving", WISCO,Sha Steel gained net profit of 651 million yuan and 14.907 million yuan respectively.Sha Steel said the steel market appear a slight improvement this year, lower product prices and higher raw material prices improved; WISCO said government subsidies bring non-operating revenue increasing.

In addition, two "hats" steel enterprises Shao Steel and Angang losses trend relieve, ST Shao Steel first three quarters of net profit of 1.08 billion yuan, an increase of 107.2%; ST Angang first three quarters of net profit of 7.65 billion yuan, an increase of 124%. In addition,Shandong Iron and Steel net loss of 128 million yuan from January to September, sharply reduced losses 1.829 billion yuan.

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