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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 raise product prices in October by 2.2%-3.4%

09/14/2020 | 11:08pm EST

Tokyo Steel Manufacturing Co, Japan's top electric-arc furnace steelmaker, said on Tuesday it would raise its steel product prices by 2.2%-3.4% in October to reflect demand recovery at home and abroad.

The company had kept prices unchanged for all of its steel products in September for a second consecutive month.

For October, it will increase prices of 10 products by 2,000 yen ($18.9) a tonne, with those for hot rolled coils being hiked to 67,000 yen ($634) a tonne from 65,000 yen, the company said in a statement.

It will increase prices of steel bars, including rebars, to 61,000 yen from 59,000 yen and for hot-dip galvanised coils to 91,000 yen from 89,000 yen.

Prices for its main H-shaped beams will stay steady at 81,000 yen a tonne.

Overseas markets are getting stronger due to solid demand in the world's top consumer China, while there are signs that Japan's demand is picking up, especially in steel sheets used in the manufacturing industry, it said.

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).

($1 = 105.6400 yen)

(Reporting by Yuka Obayashi; Editing by Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BAOSHAN IRON & STEEL CO., LTD. 0.00% 6.38 End-of-day quote.11.15%
HYUNDAI CORPORATION -0.33% 15200 End-of-day quote.-15.08%
HYUNDAI MOTOR COMPANY -0.28% 179000 End-of-day quote.48.55%
HYUNDAI STEEL COMPANY -1.93% 33050 End-of-day quote.5.09%
POSCO -1.02% 242500 End-of-day quote.2.54%
TOKYO STEEL MANUFACTURING CO.,LTD. -1.15% 690 End-of-day quote.-12.66%
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Financials
Sales 2020 281 B 42 805 M 42 805 M
Net income 2020 11 135 M 1 694 M 1 694 M
Net Debt 2020 44 599 M 6 784 M 6 784 M
P/E ratio 2020 12,4x
Yield 2020 4,12%
Capitalization 138 B 21 025 M 21 035 M
EV / Sales 2020 0,65x
EV / Sales 2021 0,60x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 6,98 CNY
Last Close Price 6,21 CNY
Spread / Highest target 38,8%
Spread / Average Target 12,4%
Spread / Lowest Target -14,0%
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.11.15%21 397
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD.57.54%16 275
CHINA STEEL CORPORATION-3.35%12 505
JSW STEEL LIMITED33.05%11 374
EVRAZ PLC-2.92%7 616
BLUESCOPE STEEL LIMITED14.87%6 443