China's steel exports to stay above 100 mln tons in 2025, Baosteel says

Reuters08-29
China's steel exports to stay above 100 mln tons in 2025, Baosteel says

BEIJING, Aug 29 (Reuters) - China's biggest listed steelmaker, Baoshan Iron & Steel Co 600019.SS said on Friday it expected the country's total steel exports to stay above 100 million metric tons in 2025.

Baosteel, a subsidiary of state-owned China Baowu Steel Group, reported on Wednesday an annual increase of 7.4% in first-half net profit, despite soft domestic demand, but warned of protectionist pressure in the months ahead.

(Reporting by Amy Lv and Lewis Jackson; Editing by Clarence Fernandez)

((Amy.Lv@thomsonreuters.com;))

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