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Baoshan Iron & Steel Says 9-Month Net Profit Down 12.9% Y/Y
Baoshan Iron & Steel's H1 Net Profit Down 36.9% Y/Y
Baoshan Iron & Steel's General Manager Resigns Due To Change In Job Role
Baoshan Iron & Steel Co.,Ltd. is a China-based company principally engaged in the manufacture and trading of iron and steel products. The Company’s main steel products include cold-rolled carbon steel, hot-rolled carbon steel, steel pipe products and other steel products. The products of the Company are applied in various industries, including automobile, home electric appliance, petrochemical, machinery manufacturing, energy and transportation, among others. The Company also involves in possessing and delivery business, chemical industry, information technology (IT), financial business and electronic commerce related to the iron and steel business. The Company distributes its products in domestic market and to overseas markets.
Iron & Steel
Baosteel Command Center
No. 885 Fujin Road, Baoshan District
Chairman of the Board
Chief Financial Officer, Secretary of the Board
General Manager, Director
Executive Deputy General Manager
Deputy General Manager
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* Earnings drop due to the coronavirus, iron ore prices (Adds details from Baosteel earnings conference call on Friday)
Baoshan Iron & Steel Co Ltd , China's top listed steel producer, said on Thursday net profit slumped 36.87% in the first six months of 2020, pressured by the coronavirus pandemic and climbing raw material prices.
Baoshan Iron & Steel Co Ltd <600019.SS>, China's top listed steelmaker, reported a 43.6% plunge in first-quarter net profit on Tuesday and warned of a big first-half drop citing the coronavirus pandemic.
China's Baoshan Iron & Steel Co Ltd, the listed arm of the country's biggest steel producer China Baowu Steel Group, has completed its first iron ore deal settled in Chinese currency with Brazil's Vale SA.
China's Baoshan Iron & Steel Co Ltd reported net profit fell 38.2% in the first half of 2019 from a year earlier on surging raw material prices and sluggish auto sales.
China's Baoshan Iron and Steel Co Ltd posted a 46 percent fall in net income in the first quarter from a year ago, its first drop in profit since 2015, and said it expects lower revenue in 2019 citing China's sluggish auto industry.
China's Baoshan Iron and Steel Co Ltd (Baosteel) posted a net 45.7 percent drop in profit in the first quarter from a year ago, its first negative growth since 2015, as higher raw material prices and weak auto demand crimped profitability.
China's Baoshan Iron & Steel Co Ltd, the largest listed steel maker in the country, reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.
* SAYS IT HAS INVESTED 888 MILLION YUAN ($134.24 million) TO BUY SHANGHAI BAOSIGHT SOFTWARE'S A-SHARE CONVERTIBLE BONDS Source text in Chinese: http://bit.ly/2Ap0h9Y Further company coverage: ($1 = 6.6150 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.