Tag: Baoshan Steel’s Jan-Sept Output Stable Profit Down

Baoshan Iron and Steel Co (Baoshan Steel), the listed-arm of China Baowu Group, suffered a 44% on-year fall in net profits over the first nine months of 2019 to some Yuan 8.87 billion ($1.3 billion) despite firm production. The company cited surging raw material prices, as well as the softening demand and steel prices, Mysteel…