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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Baoshan Iron & Steel Co., Ltd.    600019   CNE0000015R4

BAOSHAN IRON & STEEL CO., LTD.

(600019)
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Tokyo Steel to keep product prices steady in September

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08/18/2020 | 06:22am EDT

Tokyo Steel Manufacturing Co said on Tuesday it will keep product prices steady in September as uncertainty over the economic impact from the COVID-19 pandemic continues to weigh on steel demand.

The company, Japan's top electric-arc furnace steelmaker, froze its steel product prices in August after raising them by 3.5%-7.3% in July.

Overseas markets are expected to stay strong as the world's top producer China cuts exports to meet solid demand at home, but the Japanese market remains stagnant, it said in a statement.

Still, the Japanese market is expected to rise in the October-March half thanks to a rebound in manufacturing activity and reduced supply as major steelmakers have suspended some of their blast furnaces to cope with slumping demand, it added.

Tokyo Steel's pricing is closely watched by Asian rivals such as South Korea's Posco and Hyundai Steel, and China's Baoshan Iron & Steel Co Ltd (Baosteel).

(Reporting by Yuka Obayashi; Editing by Kirsten Donovan)


Stocks mentioned in the article
ChangeLast1st jan.
BAOSHAN IRON & STEEL CO., LTD. 1.10% 5.52 End-of-day quote.-3.83%
HYUNDAI CORPORATION -1.41% 13950 End-of-day quote.-22.07%
HYUNDAI MOTOR COMPANY -2.02% 170000 End-of-day quote.41.08%
HYUNDAI STEEL COMPANY -1.99% 29500 End-of-day quote.-6.20%
POSCO -1.85% 212000 End-of-day quote.-10.36%
TOKYO STEEL MANUFACTURING CO.,LTD. -1.76% 669 End-of-day quote.-15.32%
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Financials
Sales 2020 276 B 41 128 M 41 128 M
Net income 2020 9 031 M 1 345 M 1 345 M
Net Debt 2020 27 829 M 4 145 M 4 145 M
P/E ratio 2020 13,5x
Yield 2020 3,78%
Capitalization 123 B 18 310 M 18 311 M
EV / Sales 2020 0,55x
EV / Sales 2021 0,52x
Nbr of Employees 52 323
Free-Float 29,7%
Chart BAOSHAN IRON & STEEL CO., LTD.
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Baoshan Iron & Steel Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends BAOSHAN IRON & STEEL CO., LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 6,20 CNY
Last Close Price 5,52 CNY
Spread / Highest target 48,6%
Spread / Average Target 12,4%
Spread / Lowest Target -11,2%
EPS Revisions
Managers
NameTitle
Ji Xin Zou Chairman
Yong Hong Zhu Chairman-Supervisory Board
Mei Fen He Member-Supervisory Board
Jin Gang Zhang Director
Han Sheng Yu Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAOSHAN IRON & STEEL CO., LTD.-3.83%18 073
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CHINA STEEL CORPORATION-14.64%11 081
JSW STEEL LIMITED13.71%9 898
EVRAZ PLC-10.92%6 807
BLUESCOPE STEEL LIMITED-1.13%5 448