30
Aug
09:45
Baosteel, Valin Steel post record first-half profit
Benefiting from strong sales and cost reduction in the first half of 2021, China-listed Baoshan Iron & Steel (Baosteel) and Hunan Valin Steel have posted their best-ever financial results, Kallanish notes.
Supported by output of 22.74 million tonnes of iron, 26.23mt of steel, and 25.35mt of finished steel, Baosteel posted operating income of CNY 185.25 billion ($28.64 billion) in H1, up 42.75% year-on-year. Net profit meanwhile surged 277% to CNY 15.08 billion…
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Anonymous
Very good overview of the weekly steel market.
Anonymous