23
Aug
04:40
Baosteel first-half profit slides as risks emerge
Baosteel has announced falling revenue and profit in the first half of 2019. It also highlighted two risks for the rest of the year: environmental restrictions and the external economic environment, Kallanish notes.
During the first half-year, Baosteel earned operating revenue of CNY 140.88 billion ($19.88 billion), down by -5.16% year-on-year. Net attributable profit slid by -38.19% y-o-y to CNY 6.19 billion ($872.86 million). The company so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous