Baoshan Iron & Steel Co Ltd - Class A

SHSE:600019 (China)   Class A
Â¥ 7.09 (-0.28%) Apr 26
13.90
P/B:
0.79
Market Cap:
Â¥ 156.83B ($ 21.64B)
Enterprise V:
Â¥ 173.95B ($ 24.01B)
Volume:
82.99M
Avg Vol (2M):
69.70M
Volume:
82.99M
Avg Vol (2M):
69.70M

Business Description

Description
Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.