Shougang Concord International Enterprises Co. Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2012
Shougang Concord International Enterprises Co. Ltd. provided earnings guidance for the six months ended June 30, 2012. For the period, the company expects to record a loss while the Group recorded a profit for the corresponding period last year. The expected loss is primarily attributable to the decrease in the selling price of the Group's steel products during the period as a result of a decline in the market demand for steel products under sluggish economic conditions.