25
Apr
01:00
Baosteel sees profit growth in first quarter 2015
China’s Baosteel has reported a growth in profit in the first quarter of 2015 on the back of lower iron ore prices. The company remains cautious on the outlook for the year however, observing that the sector remains oversupplied, Kallanish notes.
Baosteel earned a net profit of CNY 1.55 billion ($250 million) over January-March, up 2.46% year-on-year. The increase signals a reversal from the -1.2% decline in revenue and -0.45% decline in profit seen in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous