(Bloomberg) -- Baoshan Iron & Steel Co., China's
biggest steelmaker, said it has improved stainless steel
profitability this quarter by producing more nickel-free products
as raw-material prices surged to a record.
``We have significant improvement in profit margins for
stainless steel this quarter as we just started to make more
nickel-free products while keeping existing production of normal
grades,'' said Wang Chengxue, assistant to the president of
Baoshan's stainless steel unit, in an interview in Kyoto.
Read more at Bloomberg Emerging Markets News
biggest steelmaker, said it has improved stainless steel
profitability this quarter by producing more nickel-free products
as raw-material prices surged to a record.
``We have significant improvement in profit margins for
stainless steel this quarter as we just started to make more
nickel-free products while keeping existing production of normal
grades,'' said Wang Chengxue, assistant to the president of
Baoshan's stainless steel unit, in an interview in Kyoto.
Read more at Bloomberg Emerging Markets News
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