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Baotou Steel Union forecasts $190m loss in 2009

Baotou Steel Union forecasts $190m loss in 2009

Write: Acacia [2011-05-20]

Inner Mongolian Baotou Steel Union, a major steel maker in north China, Friday forecast losses of 1.3 billion to 1.7 billion yuan ($190 million to 249 million) in 2009.

Special Coverage:2009 profit forecasts of listed companies

Baotou Steel Union opened at 4.04 yuan per share on Friday, down almost one percent from the previous closing.

Baotou Steel Union's current market value stood at 25.9 billion yuan. It is one of the two Shanghai-listed companies under Baotou Iron and Steel, one of China's largest steel makers. The other is Baotou Steel Rare-Earth.