China Baosteel net seen up 25 pct in Q1, then slowing

Newswire

SHANGHAI, April 27 (Reuters) - China's top steel maker Baoshan Iron and Steel Co. Ltd. is expected to post a 25 percent jump in first-quarter earnings on strong prices, but 2005 profit may be dulled as raw material costs soar and steel prices ease. Baosteel, which vies with Mittal Steel Co. , Nippon Steel Corp. and POSCO to supply the world's biggest steel market, is having to grapple with a 71.5 percent surge in the cost of iron ore -- its key production input -- even as steel prices show ...

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