20
Jan
08:18
Baosteel predicts 2020 net profit growth
China Baowu Group listed subsidiary Baosteel forecasts a CNY 100-700 million ($15.5-108.3m) increase in net profit in 2020, it says in a stock exchange filing. That would put net profit up around 1-6% year-on-year, Kallanish notes.
The company attributes the growth to better-than-expected results in terms of stability of supply and the resumption of production last year, despite facing difficulties such as high raw materials prices and Covid-19. Net attributa…
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Anonymous
Very good overview of the weekly steel market.
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