Tag: East Asian steel majors post decline in profitability in July-September 2022

The three major steel companies of East Asia, Baowu Steel Group, POSCO Holdings and China Steel Corporation (CSC) posted sharp decline in their consolidated financial results during the July-September quarter due to falling global steel prices and sluggish demand. Baowu Steel’s consolidated profit fell sharply to around RMB 2 billion ($0.27 billion) during July-September as…