August 11, Mr. Li Kejie, spokesman of Sinosteel Corporation Ltd. introduced the overall business situation of the first half year in Sinosteel.
He stated that in the first half of the year, with the favorable market environment, the business of overseas resources development, iron ore, steel products, project contracts, equipment manufacturing, new materials etc. in Sinosteel run very well. The sales revenue almost reaches 100 billion Yuan, the business quantity of main trading products increase greatly compared with last year and the economic benefit appears to be the best in history.
As to the holistic listing, Mr. Li said that the IPO of Sinosteel Corporation Ltd. advanced steadily. It has already passed environmental examination and other preparation proceeds orderly.