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Q2 profit improves in stainless steel mill

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Shanxi Taigang Stainless Steel Co, China's biggest maker of the rust-resistant alloy, said yesterday second-quarter profit was "much better" than the first quarter after it shifted products mix and the cost of nickel fell.

Profit improved even as it cut output in May, Chief Accountant Han Zhentang told investors online.

(Shanghai Daily July 25, 2008)

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