Baosteel expects YOY decrease in its performance in H1 2019

Wu Kunzong, Chief Financial Officer of Baosteel, recently said at 2018 annual online performance meeting held by the company that steel prices showed an upward trend in the second quarter.Asian Metal CopyrightWu Kunzong, Chief Financial Officer of Baosteel, recently said at 2018 annual online performance meeting held by the company that steel prices showed an upward trend in the second quarter.Asian Metal Copyright However, the safety consolidation of raw material end caused by the dam break in Brazil exerted a potential impact on future ore supply.Asian Metal Copyright However, the safety consolidation of raw material end caused by the dam break in Brazil exerted a potential impact on future ore supply.Asian Metal Copyright In the short run, ore prices would remain high and be likely to further increase, and raw material end would face great pressure of price increase.Asian Metal Copyright In the short run, ore prices would remain high and be likely to further increase, and raw material end would face great pressure of price increase.Asian Metal Copyright It is expected that the price gap in selling and buying would increase MOM in the second quarter, and the company's overall performance in this period would be better than the first quarter, but the overall performance in H1 2019 is expected to decrease YOY.
.Asian Metal CopyrightWu Kunzong, Chief Financial Officer of Baosteel, recently said at 2018 annual online performance meeting held by the company that steel prices showed an upward trend in the second quarterAsian Metal Copyright