31
Oct
00:00
Baosteel profits rise on ore fall
Shanghai Stock Exchange-listed steelmaker Baosteel, has reported net profit of Yuan 5.01 billion ($819.6 million) on revenue of Yuan 143.59bn over the first nine months of 2014, increases of 7.94% and 0.93% year-on-year respectively. In the third quarter alone the company earned a gross profit of Yuan 2.47bn, Yuan 120m more than in quarter two and Yuan 1.08bn more than in the third quarter of 2013.
The company noted that iron ore prices had fallen some 40% o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous