25
Aug
01:00
Baosteel sees profits dive in first half 2014
China’s Baosteel saw net profits slump 14.8% year-on-year to Yuan 3.15 billion ($510 million) in the first half of 2014, the company tells the Shanghai Stock Exchange. Profits continued to deteriorate in the second quarter despite the decline in iron ore costs, Kallanish observes.
The steelmaker did not publish separate Q2 results but it saw a net profit of Yuan 1.5bn in Q1, suggesting a net profit of Yuan 1.65bn in Q2, down from around Yuan 2.1bn in Q…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous