A finance line Angang steel shares (000898. SZ) released its performance forecast today, according to China's accounting standards, the company is expected to record the 2010 year of the annual companies are attributable to the parent company's unaudited net profit will reach 1.7 billion ~19 billion, compared to a year earlier growth 133.84%~161.35%. Angang shares 2009 net profit of 727 million yuan. The company said that during the period of the company to seize the steel market to improve the favorable opportunity to strengthen the structure of varieties to increase the yield of efficient varieties, while increasing the reduction of the efficiency and reduce process costs; But the price of ore and coking coal in the second half of the year, the cost of the company's products still Angang shares fell 7.68 yuan yesterday, down 3.4%.
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