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Tag: East Asian steel majors report decline in profits in CY’22

  • East Asian steel majors report decline in profits in CY’22

    East Asian steel majors report decline in profits in CY’22

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    by

    Sakeena Rizvi
    in

    The three major steel companies in East Asia – China’s Baowu Steel Group, South Korea’s POSCO Holdings and Taiwan’s China Steel Corporation (CSC) – have seen a significant decline in their consolidated financial results for the fiscal year ending December 2022. Baowu Steel’s consolidated profit for CY’22 is likely to be around RMB 35 billion…