31
Aug
06:56
Baosteel’s profit halves despite stable first-half income
Baosteel, the listed arm of Baowu Group, reported stable operating income in the first half of the year. But higher coal prices spurred costs and caused its profit to halve at the same time, according to its exchange filing.
Half-year iron and crude steel output of the company was 23.101 million tonnes and 25.223mt, respectively rising 1.6% but falling 3.8% on-year, Kallanish notes.
In terms of finished steel, production was down 3.2% from a year earlie…
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Anonymous
Very good overview of the weekly steel market.
Anonymous