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[Ferro-Alloys.com] On March 25, Shagang Group announced the performance forecast for the first quarter of 2021. The company expects to achieve a net profit of 180-270 million yuan attributable to shareholders of listed companies in the first quarter of 2021, an increase of 83.16% - 174.74% year on year.

Affected by the rise of steel sales price and the year-on-year increase of sales volume, the company's operating revenue and gross profit of product sales were better than expected, resulting in a significant year-on-year growth in the first quarter of 2021, the company said.

Translated by editor

• [Editor:kangmingfei]