Profit for the latest three months was up a sickly 1.2% to 1.65 billion yuan (US$199 million).
Despite the sluggish performance the company said it was confident of a strong rebound in 2004.
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date:12/10/2020
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date:22/02/2021
location:Sofitel, Sydney, Australia
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HIGHER shipping and raw material costs ate deeply into the December quarter profit of one of China’s biggest steelmakers, Baosteel.
Profit for the latest three months was up a sickly 1.2% to 1.65 billion yuan (US$199 million).
Despite the sluggish performance the company said it was confident of a strong rebound in 2004.
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