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Here's What's Concerning About Baoshan Iron & Steel's (SHSE:600019) Returns On Capital
Benign Growth For Baoshan Iron & Steel Co., Ltd. (SHSE:600019) Underpins Its Share Price
Baoshan Iron & Steel (600019.SH): There are currently no plans to acquire the special steel Assets under Baowu.
On December 30, Gelonghui reported that Baoshan Iron & Steel (600019.SH) stated on the interactive platform that the company has no plans to acquire Baowu's special steel Assets. The company mainly produces carbon steel plate products, focusing on high-end premium plates, including silicon steel and Steel for Electric Vehicles. Although the name does not contain "special," in terms of R&D investment, technical added value and barriers, product performance and quality, market share and profitability, and application scenarios, they are indeed quite "special." The overall solution for Electric Vehicles enhances the Lightweight level and promotes carbon reduction; silicon steel is regarded as the pearl on the Steel Imperium Crown, promoting power transmission and distribution, and Electric Machine energy efficiency.
Baoshan Iron & Steel (SHSE:600019) Will Want To Turn Around Its Return Trends
