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Baosteel gives bleak first half outlook PDF Print E-mail

Thursday, 30 April 2009
China's top steelmaker, Shanghai-based Baoshan Iron and Steel Co, or Baosteel, reported Tuesday that its net profit for the first quarter plunged 97.7 percent from a year ago to 89 million yuan (US$13 million), or 0.01 yuan a share, and warned of another big tumble in the first half as overcapacity drives down prices amid a slowing domestic economy.

 
 

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