11
Apr
09:45
Baosteel releases 2017 steel operational details
Baowu Iron & Steel Group’s listed arm Baosteel achieved 111.22% year-on-year growth in net attributable profit in 2017 to CNY 19.17 billion ($3.04 billion), Kallanish notes.
Baosteel attributes the profit increase to the merger between Baosteel and Wuhan Iron & Steel (Wugang), which saw net profit soar 338% from 2016 to CNY 590 million last year. It also thanks the margin increase to the commissioning of its Zhanjiang steelworks and improved l…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous