09
May
04:18
Baotou increases first-quarter revenue but profit slumps
Baotou Iron & Steel (Baotou) has released information on its operations and production in the first quarter, Kallanish notes.
Production of most main product types fell, as did the sales volume for pipe. Prices moved downwards, but total sales volumes increased. Baotou saw operating revenues of CNY 13.44 billion ($1.98 billion) in Q1 2019, an increase of 3.5% year-on-year. However, net attributable profit fell by -23.5% y-o-y to CNY 487 …
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