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[Ferro-Alloys.com] Fujian Sanguang Minguang announced that the net profit in the first half of the year is expected to be 1.05-1.35 billion yuan, down 47.25% - 58.98% compared with the same period of last year (after retroactive adjustment). Affected by the Xinguan epidemic, steel demand was delayed, steel inventory increased, and steel prices fell. In the first half of the year, the overall steel prices dropped significantly year-on-year.

Source: translated by editor

• [Editor:kangmingfei]