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Baoshan Iron & Steel Co. Ltd. Dec 04
Standard & Poors, Dec 2004
Abstract
Strong market position in mainland China's steel industry; Competitive cost position; Improving product mix, with a gradual increase in high-value-added products; and A strong financial profile at consolidated Baosteel Group. Highly competitive and cyclical nature of the steel industry; Tight supply and rising cost of raw materials for steel production; and The risks associated with consolidation in mainland China's steel industry. The rating on Baosteel Iron & Steel Co. Ltd.'s (Baosteel Ltd.) reflects the company's strong market position in mainland China's steel industry, its steady increase in high-value-added products, competitive cost position, and the strong financial profile of consolidated Baosteel Group. These strengths are offset by the highly competitive and cyclical nature of the steel industry, the tight supply and...
Companies mentioned in this report are: Baoshan Iron & Steel Co. Ltd.,Nucor Corp.,POSCO,Baosteel Group Corp.,Arcelor S.A.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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