China’s Baosteel Group announced it result for its net
profit decreased by 0.45% to RMB5.792 billion in 2014 compared to a year
earlier.
Baosteel’s operating revenue dropped by 1.2% to RMB187.7 billion in 2014 on the
yearly basis.
China’s steel average prices continued its downward trend in 2014, drooping
from RMB3,600/ton to RMB2,840/ton.
Besides, the average prices of iron ore and coke also declined by 42.6% and
28.3% respectively.
Source-yieh