05
May
12:20
Baosteel breaks profit record, sets 2022 operation guidance
Baosteel, a major listed arm of Chinese steel giant Baowu Group, has reported record annual profit and set its operation guidance for 2022, Kallanish learns from its stock exchange filings.
In 2021, Baosteel produced 46.33 million tonnes of finished steel and sold 46.58mt, up by 1.5% and 1.3% year-on-year respectively. Strong markets and cost reductions meanwhile raised its gross profit margin and profit per tonne of steel to 13.6% and CNY 641/tonne ($97…
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Anonymous
Very good overview of the weekly steel market.
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