Chinese Steel Giant Baosteel Reports Stellar Quarter Despite High Coal Prices | Hellenic Shipping News Worldwide
Chinese listed steel producer Baoshan Iron & Steel Co Ltd said on Friday its third-quarter net profit rose 68.6per cent on an annual basis, defying intensified pressure from production curbs and higher raw material prices. The steel giant, known as Baosteel, pocketed 6.5 billion yuan (US$1.02 billion) during the July-September quarter, it said in a ...
Source: hellenicshippingnews.com