18
Jan
10:16
Bayi Steel reports higher profit forecast
Bayi Iron & Steel, Baowu Group's steel subsidiary in Xinjiang Province, northwest China, has issued a positive 2020 profit forecast.
Kallanish notes from the listed company's report that Bayi Iron & Steel expects to achieve a net profit of between CNY 290 million ($44.66m) and CNY 353m attributable to shareholders in 2020. This is up 160.93% and 217.62% respectively from 2019. The figure after deducting …
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Anonymous
Very good overview of the weekly steel market.
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