Leading Chinese steelmaker Baosteel estimates that in the first three quarters of the current year its total net profit will register an increase of 170-190 percent on year-on-year basis. Detailed data will be made available in the company's Q3 report, which has not been issued yet.
According to its report for the first half of 2010, Baosteel's net profit for the first six months of the current year was 140-160 percent higher compared to the same period of the previous year.