Tag: China: HBIS’ net profits down 36% in H1 amid lower steel production

New profits at HBIS Company Limited, the Shenzhen-listed arm of Hebei Iron & Steel Group who is a top-tier steel producer in China, plunged by 36% on year during the first half of 2022, and its H1 steel production also saw an on-year decline, according to the company’s latest semi-annual report released on August 26.…