A high-tech enterprise specializing in the production, sales and service of new polymer materials,
engineering plastics, nylon plastic parts, and polyester yarns

Raw material prices skyrocket, Anshan Iron & Steel Corp. expects net profit to fall by 70% in first three quarters

Since January this year, iron ore prices have skyrocketed due to the impact of a dam breach in Vale, and two other major iron ore suppliers, BHP Billiton and Rio Tinto, have reduced shipments due to the March hurricane. However, many people in the industry pointed out that as the traditional consumption peak season of "Golden Nine Silver and Ten" entered, multiple factors were intertwined, and the turning point in steel prices and profits might appear.