29
Apr
04:14
Baosteel faces further profit decline in first quarter
Baosteel's net profit fell again in the first quarter of 2020. In an unfavourable environment, cost control will be a big challenge for its operations going forward, Kallanish notes.
During the first quarter, Baosteel produced a total of 11.1 million tonnes of iron and 11.8mt of crude steel. The production and sales volume for finished steel fell by -1.41% and -5.02% year-on-year to 11.22mt and 10.59 mt. Production was normal during February, but&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous