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News Breaks | | | | September 27, 2012 | | 09:04 EDT |  | GSI | General Steel sees 1H revenue $1.4B
General Steel Holdings said for 1H12 the company expects to report revenues of approximately $1.4B and production volume of approximately 2.4M metric tons. "While the nationwide steel market has slowed, demand in our primary target market of Western China has remained stable, supported by large-scale, government-sponsored housing and infrastructure investment projects...While the cost of both iron ore and other raw materials for steel products remains volatile, we expect to offset pricing fluctuations based on our strategic cost reduction and efficiency improvement initiatives," the company said. | |
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