Tag: China: Baoshan Steel’s H1 net profits down 48% y-o-y

Baoshan Iron & Steel Co (Baoshan Steel), the Shanghai-listed arm of China Baowu Steel Group who is the largest steel producer worldwide in terms of crude steel output in 2021, saw its net profits plunge by 48.4% on year in the first half of 2022, and its H1 crude steel production also posted an on-year…