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01 Sep
10:05

Baowu listed arms unveil first-half results

The listed arms of Baowu Group, the world's largest steelmaker, have unveiled operating and financial results for the first half of the year. The half-year earnings vary and showed a small correlation with company size. The main listed arm, Baosteel, earned CNY 4.55 billion ($628 million) during the period. This compares to the CNY 1.87 billion in H1 earned by the whole Chinese steel industry. The listed company expects to achieve its goal of 80 million t…
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