11
Jan
11:08
Baotou Steel predicts huge profit growth
China-listed Inner Mongolia Baotou Steel Union (Baotou Steel) predicts that net profit attributable to shareholders in 2021 will be CNY 2.44-3.65 billion ($383-573 million), surging 501-799% from the previous year, Kallanish notes.
The growth is due to strong steel and rare earth markets in the reporting year, as well as lower results recorded in 2020. The rise in raw material prices and the downturn in the market in the fourth quarter were the main obstacles…
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Anonymous
Very good overview of the weekly steel market.
Anonymous