It's reported that the Chinese steelmaker Baosteel announced that its operating revenues totaled RMB142.264 billion in January-September period, falling by 2.42% year on year. In the first nine months of this year, the company's net profits totaled RMB4.642 billion, slumping by 56.99% year on year. Baosteel stated that there was no significant improvement in steel industry in January-September.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66911&division=A6
