28
Oct
04:34
Baosteel profits decline on squeezed margins
Lower steel prices have hit overall profit and gross margins in Baosteel's listed company in the first nine months of 2019. The company has completed its production costs' reduction target for this year however, Kallanish notes.
According to the official report FROM Baosteel's listed arm, the steelmaker posted CNY 216.88 billion ($30.73 billion) in operating revenue and CNY 8.87 billion in net attributable…
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