UPDATE 2-China's Baosteel disappoints despite red-hot demand

Newswire

(Adds details, analysts' comments) By Edwin Chan SHANGHAI, Oct 31 (Reuters) - Top Chinese steel maker Baosteel disappointed on Friday with an 18 percent jump in quarterly profit after a surprise charge, but analysts said sizzling car and construction demand will fire up earnings in the last quarter. Baosteel , which vies with Japan's Nippon Steel Corp and Korea's POSCO to supply an economy that grew 9.1 percent in the year to the third quarter, enjoyed resilient steel prices and a ...

Premium Content (PAID Subscription Required)

"UPDATE 2-China's Baosteel disappoints despite red-hot demand" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×