18
Jan
09:18
Bayi warns of CNY 2.5 billion loss
Northwest China’s Xinjiang Bayi Iron and Steel looks set to continue being a significant burden on its parent, Baosteel, after predicting a CNY 2.5 billion ($380 million) loss for 2015. The mill was part of a government-supported wave of investment in the north-western region of Xinjiang which many now regret, Kallanish notes.
Bayi told the Shanghai Stock Exchange over the weekend that it expected the losses, following the CNY 2.03 billion it los…
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Anonymous
Very good overview of the weekly steel market.
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