China metal firms' profits shredded by weak property, Europe

Newswire

* 2011 profits at steel, aluminium makers hit * Europe debt crisis, weak China property market factors * Analysts see few near-term signs of revival for steel By Jason Subler SHANGHAI, Jan 31 (Reuters) - A host of Chinese steel and other metals firms have flagged steep falls in their profits for last year, as the European debt crisis and a government-engineered slowdown in the domestic property market whittle away at materials prices. Heavy hitters including Aluminum Corporation of China ...

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