Chinese Baosteel announced its financial results
Chinese steel maker
Baosteel has completed the first five months of 2003 with a Yuan 6 billion (approx. $728 million) profit.
Company's mill located in Shanghai has announced its sales as Yuan 42 billion for the same period. Furthermore, the mill's target for profit result of 2003 is equivalent to 73.4% while the sale result is 49.2%.