28
Apr
10:29
Baosteel margins hold firm in Q1
China’s Baosteel saw both revenues and profits fall in first quarter 2016, according to its quarterly report monitored by Kallanish. Margins increased however as the steelmaker continues to out-perform many of its competitors in China.
The steelmaker continues to benefit from its focus on higher value added products. The average price achieved for its flat products in Q1 2016 was CNY 3,309/tonne ($511/t) against an average Chinese spot price for grade Q235…
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Anonymous
Very good overview of the weekly steel market.
Anonymous