Telah Terbit: Sep 25, 2023 14:35
Baosteel Co., Ltd. stated that in the first half of 2023, its revenue was 169.855 billion yuan, a year-on-year decrease of 7.5%; its net profit attributable to shareholders of listed companies was 4.552 billion yuan, a year-on-year decrease of 41.6%. Since the beginning of this year, the global economic situation has been complicated and severe, domestic steel demand has been sluggish, and downstream industries such as real estate, automobiles, engineering machinery, and containers have recovered less than expected, resulting in an overall situation of supply exceeding demand, profit decline, and loss expansion in the steel industry.

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