BEIJING: Surging prices of alloys, nonferrous metals and energy have “significantly” dented the profitability for Baoshan Iron & Steel Co Ltd, the top Chinese steelmaker said, without providing further details of the impact.
Due to carbon and environmental curbs and the Russia-Ukraine conflict, the prices of commodities scaled fresh highs and affected profitability, the steelmaker said in a Shanghai Stock Exchange filing released on Wednesday night.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!