Gansu Jiu Steel Group Hongxing Iron & Steel provided earnings guidance for the first half of 2014. For the period, the company predicts that it would incur about CNY 320 million net losses attributable to shareholders. The company made CNY 239.93 million net profits and CNY 0.0407 earnings per share in the period last year.

April-June performance got better compared with that in the prior quarter, but the company suffered losses due to continued weak demands of steel market and low steel price.