Jiangsu Shagang provided earnings guidance for the first half of 2015. For the period, the company expects loss of CNY 57 million to CNY 68 million in the first half of 2015, compared profit of CNY 34.96 million a year ago. The company expected profit of CNY 10.48 million to CNY 20.97 million for the six months previously.

It lost a lawsuit and expected to put about CNY 70 million aside.