If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Monday, March 25, 2013

China's steel industry achieved profits in January
A file photo of China’s newly elected president Xi Jinping. Photo: AFP
Major Chinese steel companies achieved a total sales volume of 300.29 billion yuan ($47.74 billion) in January, up 16 percent year-on-year, according to data from the China Iron and Steel Association.

Eighty-six large and medium-scale producers posted overall profits of about 1.34 billion yuan in the same month.

Although the steel industry is rebounding from the losses seen last year, an insider from the association said that about one-third of Chinese steel makers are still in the red.

Twenty-six companies among the 86 are in the red, with total losses reaching about 2.08 billion yuan.

According to Wind Information Co, a provider of financial data, nine steel companies listed in Shanghai and Shenzhen have also published their annual reports. These companies achieved total revenue of 354 billion yuan in 2012, down 9 percent year-on-year.

The nine companies reported a total net profit of 12.1 billion yuan, up 14 percent year-on-year.

"Chinese steel companies' profits are being severely affected by the falling steel products' prices and high costs for coking coal and iron ore," said Zhu Jimin, vice-president of the association during a meeting last month.

Courtesy: China Daily