31
Mar
04:18
Baosteel revenues, profits dip in 2015
Baogang Iron and Steel Group (Baosteel) saw revenues fall -12.61% year-on-year to CNY 163.79 billion ($25.34 billion) in 2015, while net profits slipped -81.27% y-on-y to CNY 1.08 billion, according to Baosteel’s annual report. Baosteel’s core business enjoyed robust margins, Kallanish notes.
Cold rolled coil remained the best earner, with gross margins slipping only 0.1 percentage point on-year to 14.31% in 2015. Gross margins on hot rolle…
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Anonymous
Very good overview of the weekly steel market.
Anonymous