In September, the company's new steel plant will start operations in Zhanjiang, Guangdong Province, with an annual production capacity of 10 million tons. Baosteel mainly focuses on hot-rolled and cold-rolled flat products, aiming at the high end. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. It operates through the following business segments: Steel manufacturing, Processing and distribution, Information technology, E-commerce, Chemical industry, and Finance. While the industry will benefit from capacity reductions of 7% overall, long-term steel demand could continue to fall if underlying demand does not recover. Established solely by Baosteel Group on February 3, 2000,Baosteel Co. A:Dear sir,We are Rogo industrial shanghai Co.
Key Strengths Focus on high-end products Baosteel is known for its dominant market shares for cold-rolled auto sheet and high-end silicon electrical steel in China. It focuses on combination of electrical appliances, open device, neutral point equipment, power quality, protection and automation, and test equipment. Net money flow is the value of uptick trades minus the value of downtick trades. Restricted stock typically is that issued to company insiders with limits on when it may be traded. Key Opportunities Industry consolidation and capacity cuts The Chinese government is in the midst of a three-year plan to close down unprofitable steel mills as oversupply has caused steel prices to decline rapidly.
Both Baosteel Group and Wuhan Iron and Steel Corporation were supervised by. Our companionship with customers is rooted in a time when bringing new life and new dreams to our fellow citizens meant more than we can imagine. The company is one of the global steel enterprises with the most complete carbon steel varieties. It operates the following divisions: Automotive, Automotive New Markets, Hydraulic, Industry, Systems, Intelligent Tooling Solutions, Automation, and Service. Change from Last Percentage change in short interest from the previous report to the most recent report.
Value Invest Asia and its writers do not take responsibility for any factual inaccuracies made. It is now the second largest steel producer in the world, with assets estimated to be worth around 730 billion , employing 228,000 employees and expected annual sales revenues of 330 billion Yuan 47. Its business Includes dry bulk transport, shipping agents, freight forwarders, integrated logistics and special large transport, ship leasing, crew services, and property management. The most-active iron ore contract on the Dalian Commodity Exchange closed 1. Baosteel Group, as at 31 December 2015, still owned 15. Public Float The number of shares in the hands of public investors and available to trade.
The launched a probe into these allegations in May 2016. Shareholding Structure State-owned Baosteel Group owns 52. This is intended for information purposes only and is not intended as an offer or recommendation to buy, sell or otherwise deal in securities. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. The Information and Communication business area offers products such as automated banking machines, data storage, mobile solutions, content delivery network and light-emitting diode. Africa : Egypt, Algeria, Nigeria, Ghana, Sudan, Cameroon. Under the experienced group company J.
To learn more about how , subscribe to our monthly Asia-In-Focus Report. Subscribe today to get a from us as well, Our Stock Guide 2017: The top 10 stocks on our watch list today. Looking into the future, Baosteel Co. International stock quotes are delayed as per exchange requirements. Its products include cold-rolled carbon steel coils, hot-rolled carbon steel coils, and steel pipe products.
Ker Zheng does not own any companies mentioned. In China the company has over 60% market share in auto sheets and over 80% market share in silicon steel. As of December 2016, the name of the new group is China Baowu Steel Group Corporation. Indexes may be real-time or delayed; refer to time stamps on index quote pages for information on delay times. It is a subsidiary of state-owned holding company Baosteel Group, and is listed on the Shanghai Stock Exchange. Your contact details will be safeguarded The information provided is for general information purposes only and is not intended to be any investment or financial advice. They seek to tailor their investment approach in relation to the varying market conditions and investment profile of their investors.
The Automotive division serves as the ce ntral point of contact for car manufacturers and Tier 0. Its headquarters are located in the Baoshan district of Shanghai, with major production bases in Baoshan Shanghai , Meishan Nanjing , and Zhanjiang Guangdong. The company was founded on February 3, 2000 and is headquartered in Shanghai, China. As the government's flagship steel company, Baoshan Iron and Steel as it was originally called, benefitted from acquiring the engineers and managers, access to technology, and receiving government contracts. Its main plant is located in the Baoshan district of Shanghai. At any point in time, Value Invest Asia and its writers might own some of the stocks discussed within the site. Shares Outstanding Number of shares that are currently held by investors, including restricted shares owned by the company's officers and insiders as well as those held by the public.