BaoSteel net profit reaches 1.55 billion RMB in the first quarter

The evening of April 23, baosteel to disclose a quarterly in 2015. Company in the first quarter net profit of 1.547 billion yuan, up 2.46%, earnings per share of 0.09 yuan.

Company pointed out that during the reporting period, the domestic steel demand remains weak, the raw material cost of steel price support strength weakening by ore prices fall sharply, at the same time the domestic iron and steel production is still keep the high level, although the export scale has increased, but the overall no contradiction between supply and demand change, and environmental constraints such as rising costs, the steel industry back into losses.

Baosteel said, in the face of adverse operating environment, the company continued to strengthen the procurement synergies, increase customer service and technical innovation, optimize the mode of production and marketing, promoting authors work efficiency, accelerate the development of two fields, to ensure that in the first quarter better achieve business objectives. During the reporting period, the completion of production 5.362 million tons, 5.569 million tons of steel production, iron goods PiCai sales of 5.239 million tons, implement merge profit of 2.2 billion yuan.