Baosteel traded at 6.95 this Monday February 2nd, decreasing 0.35 or 4.79 percent since the previous trading session. Looking back, over the last four weeks, Baosteel lost 4.53 percent. Over the last 12 months, its price rose by 3.42 percent. Looking ahead, we forecast Baosteel to be priced at 7.14 by the end of this quarter and at 6.68 in one year, according to Trading Economics global macro models projections and analysts expectations.
Baoshan Iron & Steel Co.,Ltd. is a China-based company principally engaged in the manufacture and trading of iron and steel products. The Company’s main steel products include cold-rolled carbon steel, hot-rolled carbon steel, steel pipe products and other steel products. The products of the Company are applied in various industries, including automobile, home electric appliance, petrochemical, machinery manufacturing, energy and transportation, among others. The Company also involves in possessing and delivery business, chemical industry, information technology (IT), financial business and electronic commerce related to the iron and steel business. The Company distributes its products in domestic market and to overseas markets.