Baoshan Iron & Steel Co., Ltd. (600019.SS)
| Previous Close | 7.11 |
| Open | 7.11 |
| Bid | 6.99 x 0 |
| Ask | 7.00 x 0 |
| Day's Range | 6.98 - 7.20 |
| 52 Week Range | 5.46 - 7.48 |
| Volume | |
| Avg. Volume | 75,669,905 |
| Market Cap | 154.839B |
| Beta (5Y Monthly) | 0.66 |
| PE Ratio (TTM) | 13.73 |
| EPS (TTM) | 0.51 |
| Earnings Date | Apr 27, 2024 |
| Forward Dividend & Yield | 0.22 (3.09%) |
| Ex-Dividend Date | Oct 16, 2023 |
| 1y Target Est | 7.56 |
- Reuters
Japan's Kobe Steel eyes auto panel JV with China Baowu
Kobe Steel, Japan's third-biggest steelmaker, said it aimed to expand its automotive aluminium panel business in China through a joint venture with China Baowu Steel Group as a shift to electric vehicles drives demand for new cars. China Baowu, the world's largest steelmaker, via a unit, has agreed to proceed with feasibility study to form a joint venture with Kobe Steel's local unit, the Japanese company said on Monday, with an aim to set up the business this year. The deal would allow Kobe Steel to benefit from a forecast 3% annual rise in automobile production in China annually through 2030 due to a shift to EVs, the Japanese company said.
ReutersSome Chinese steel mills ordered to cap output this year - sources
Several Chinese steel mills have received instructions to cap this year's output at the same level as 2022, five people familiar with the matter and analyst reports said on Tuesday, potentially curbing iron ore demand in the world's top steel market. Three mills owned by the world's biggest steelmaker, state-owned China Baowu Steel Group, were given verbal instructions that output should not exceed that of 2022, said four of the sources, with two adding the orders were delivered yesterday. China has mandated zero output growth in its steel sector for the last two years as it seeks to limit carbon emissions by one of its most polluting industries.
- Reuters
RPT-UPDATE 2-China industrial profits tumble 18% in April as demand sputters
Profits at China's industrial firms slumped in the first four months of 2023, official data showed on Saturday, as companies continued to struggle with margin pressures and soft demand amid a faltering economic recovery. Profits fell 20.6% in January-April from a year earlier, compared with a 21.4% decline in the first three months, according to data from the National Bureau of Statistics (NBS). In April alone, industrial firms posted a 18.2% drop in profit year-on-year, according to the NBS, which only occasionally gives monthly figures.
