Industry News

China’s Baosteel’s net profit falls in H1 2023

Views : 121
Update time : 2023-09-04 15:34:15
China’s Baoshan Iron & Steel (Baosteel) reported that the company’s operating income was around CNY 169.86 billion in the first half of this year, falling by 7.5% compared to the same period a year ago.

During the period, the net profit attributable to shareholders was CNY 4.55 billion, down by 41.6% year on year. The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3.71 billion, a year-on-year decrease of 49.2 %. The basic earnings per share were CNY 0.20.

In the first half of this year, Baosteel’s iron production was 24.27 million tons, and steel production was 25.94 million tons.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices