25
Jan
05:03
Baosteel reports significant profit growth in 2017
Baosteel estimates 113-121% growth in net attributable profits in 2017, according to the listed company reports from Shanghai Stock Exchange. Wide steel margins, good performance from its newly-launched Zhanjiang production site and the merger between Baosteel and Wuhan Iron & Steel are the main reasons behind the profits' surge, Kallanish notes.
In 2017 Baosteel estimates that its profits increased by CNY 10.1-10.8 billion from CNY 8.966 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous