05
Mar
05:53
Baowu to prioritise profit over output
Baowu Group, the Chinese central state-owned enterprise and leading steelmaker, says it aims to ensure that total profit in Q1 2024 is no less than the same period last year. It added that it will prioritise profit over output at its general manager's office meeting on 1 March.
The conference emphasised that all its subsidiaries are supposed to improve economic benefit rather than to overproduce while steel demand is going down.
The steel giant's product…
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Anonymous
Very good overview of the weekly steel market.
Anonymous