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PrintIt is reported that China steel industry has suffered most since the financial crisis happened last year and domestic steel market plummeted from the historical high point, pushing most steel enterprises to fall into great profit losses last September.
Shandong based Laiwu Steel decided to depend on self innovation strategies to walk out from the economic downturn by enhancing the output proportion of high tech and high value added steel products in a bid to elevate its core competitive strength.
The data shows, Laigang has realized 5 month consecutive profit growth since turned profits in May this year including CNY 0.399 billion gained in June and CNY 0.8 billion in July. And the profits stood at CNY 1.43 billion in total during January to September.
Sources from www.steeldata.cn
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