27
Apr
11:31
Baosteel quarterly profits soar, 2020 stable
China’s Baosteel, part of Baowu Group, on 26 April reported CNY 12.68 billion ($1.96 billion) in annual profit in 2020, up 0.91% year-on-year. Its profit in the first quarter this year surged 247.76% y-o-y to CNY 5.36 billion, Kallanish notes from its reports released on the Shanghai Stock Exchange.
The firm also saw the gross profit margin of its steel products increase from 11.3% to 12.1%.
In 2021, the company plans to produce 45.49 million tonnes of iron…
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