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Chinese Baosteel reduced net profit in the first nine months of 2013 by one and a half times

Китайская Baosteel сократила чистую прибыль за первые девять месяцев 2013 года в полтора раза
According to the message of the leading metallurgical company of China Baoshan Iron & Steel (Baosteel) yesterday, its net profit for January - September 2013 decreased by 57 percent compared to APPG -2012 and fell to 4 billion 640 million yuan.

The growth prospects in the fourth quarter of this year do not see Baosteel. Recall that after a slight increase in leaf prices in September, the company refused to revise prices before the end of 2013 due to the weakness of internal demand for steel.

As reported, Baosteel in the first half of 2013 reduced net profit by 61 percent compared to APPG-2012, to 3 billion 700 million yuan.


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