Metals News
Steel Industry Keeps High in Q3, Baosteel is the Most Profitable
industry news

SHANGHAI, Nov.1 (SMM)-Up to Oct.30th, the total revenues of 30 steel companies in first three quarters reach 918.964 billion yuan, rising 51.22% on yearly basis. Net profit belonging to parent is 42.853 billion yuan, rising 283.08%. The profit in third quarter reaches 22.558 billion yuan, rising 315.72%. Baosteel becomes the most profitable steel enterprise among A-shares. The net profit belonging to shareholders of listed company during first three quarters reaches 11.668 billion yuan, rising 95.52%. The net profit in the third quarter nearly reaches 5.5 billion yuan. (Shanghai Securities)

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